Lynnwood Raising Cane's Ground
1232 164th St SW, Lynnwood, WA 98087
For Sale
Contact for pricing
Corporate Raising Cane’s on 15-year absolute NNN ground lease.
Property SizeContact for details
Days on Market268
Property Features for 1232 164th St SW
General Information
Standard status
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Northmarq - Seattle
Listed By:
Joe Dugoni · License WA #21001346
(206) 693-3329
Source:
Crexi
Added: Feb 20
Changed: Nov 9
Last Checked: Nov 12 at 7:16AM
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 Northmarq - Seattle
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is a corporate Raising Cane’s operating under a 15-year absolute NNN ground lease. The property is located within the Seattle MSA. Construction of the building is projected for 2026.
Key Highlights
- Brand new construction (2026)
- Corporate Raising Cane's tenant
- 15‑year absolute NNN ground lease
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
282k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 54%
Dining 23%
Shops & Services 21%
Electronics 2%
Walmart
Superstores
151,724 visits/mo
0.0 miles
Panda Express
Dining
17,073 visits/mo
0.1 miles
ARCO
Shops & Services
16,599 visits/mo
0.2 miles
Starbucks
Dining
15,385 visits/mo
0.1 miles
Jack in the Box
Dining
13,859 visits/mo
0.1 miles
Demographics for 98087, WA
40,711
Population
16,625
Households
2.4
Avg Household Size
35
Median Age
39%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
7,142
Density / Sq Mi
$106,541
Median Household Income
$56,592
Median Earnings
$2,010
Median Rent
$633,200
Median Home Value
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Market
Properties on Market for NNN properties in Snohomish County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - Corporate Raising Cane’s on 15-year absolute NNN ground lease.
Where is this nnn property located?
The property is located at 1232 164th St SW Lynnwood, WA.
What is the asking price?
The asking price for this property is $4,630,000.
What are key features of this property?
This property features: Brand new construction (2026); Corporate Raising Cane's tenant; 15‑year absolute NNN ground lease
