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1232 164Th St SW Lynnwood, WA 98087

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For Sale
$5,000,000

Restaurant property with high visibility and strong demographics for sale.

Property Features for 1232 164Th St SW

General Information

Standard status
Active

Building Details

Year built
2026

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Listing Contact
Sean Tufts
Source: Corcoran

Listing Agency: NORTHMARQ COMMERCIAL, LLC Listing Agent: Sean Tufts

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

High-Traffic Corner Location Restaurant

This commercial real estate is scheduled to finish construction in the second quarter of 2026. Operating on a 15-year absolute net corporate ground lease, the property benefits from 10% rental increases every five years, with five-year renewal options also featuring 10% increases. The property is situated on a lighted corner location on 164th St SW, experiencing traffic of over 50,000 vehicles per day. It is located just 1,000 feet from the I-5/164th St SW interchange, where daily traffic exceeds 180,000 vehicles. The property is adjacent to a Walmart location that recorded 2.3 million visits in the past year. Other nearby national tenants include Fred Meyer, Starbucks, Panda Express, and Five Guys. The surrounding area has a population of over 380,000 people within a 5-mile radius, with an average household income of $149,000.
Location Intelligence

Current Use by Public Records

Wells Fargo ATM Atm Wells Fargo Bank Atm

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lynnwood
County
Snohomish
State
Washington
Longitude
-122.251092
Latitude
47.8493206

FAQs

What type of property is this?
Drive through restaurant - Restaurant property with high visibility and strong demographics for sale.
Where is this drive through restaurant located?
The property is located at 1232 164Th St SW Lynnwood, WA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: - High-traffic corner location with 50,000+ vehicles per day.; - Absolute net corporate ground lease with 15-year term.; - Strong demographics: 380,000+ people within 5 miles with $149,000 average household income.
More about this property
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