Les Schwab Tire Center
For Sale
$6,080,000
Pending
354 Union Ave NE, Renton, WA 98059
Les Schwab Tire Center in Renton, WA for sale.
Property SizeContact for details
Days on Market507
Property Features for 354 Union Ave NE
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
KIDDER MATHEWS
Listed By:
SHERRY SCHOEN · License #DB35724
(208) 870-6933
Source:
Corcoran
Added: Apr 14, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KIDDER MATHEWS
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire a fee-simple interest in a Les Schwab Tire Center located in Renton, Washington. The property is subject to a corporate-guaranteed, 20-year Absolute NNN lease. The lease includes 10% rent escalations every 5 years. This investment offers stable cash flow and a fixed return through a long-term lease with a creditworthy tenant. The tenant has a proven track record, and the lease structure provides for no landlord responsibilities.
Key Highlights
- Corporate guaranteed, 20‑year Absolute NNN lease provides stable, long‑term cash flow.
- 10% rent escalations every 5 years ensure increasing returns.
- Strong creditworthy tenant (Les Schwab) with a proven track record.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98059, WA
41,672
Population
15,001
Households
2.8
Avg Household Size
38
Median Age
51%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
2,572
Density / Sq Mi
$134,336
Median Household Income
$67,119
Median Earnings
$2,230
Median Rent
$809,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - Les Schwab Tire Center in Renton, WA for sale.
Where is this automotive property located?
The property is located at 354 Union Ave NE Renton, WA.
What is the asking price?
The asking price for this property is $6,080,000.
What are key features of this property?
This property features: Corporate guaranteed, 20‑year Absolute NNN lease provides stable, long‑term cash flow.; 10% rent escalations every 5 years ensure increasing returns.; Strong creditworthy tenant (Les Schwab) with a proven track record.
