354 Union Ave NE Renton, WA 98059

Building Details

Year Built

1988

Listing Agency KIDDER MATHEWS s***@kidder.com

Listed by SHERRY SCHOEN

Source Corcoran

Added: Apr 14, 2025 Checked: Jul 17 at 3:50 am

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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.

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FAQs

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.