Lynnwood Raising Cane's Ground
For Sale
Contact for pricing
1232 164th St SW, Lynnwood, WA 98087
Corporate Raising Cane’s on 15-year absolute NNN ground lease.
Property SizeContact for details
Days on Market172
Property Features for 1232 164th St SW
General Information
Standard status
Active
Class
A
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$220,000
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Northmarq - Seattle
Listed By:
Sean Tufts · License #WA 74057
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 11 at 8:14PM
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
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 18%
Electronics 2%
Brown Bear Car Wash
Shops & Services
13,521 visits/mo
0.4 miles
Starbucks
Dining
10,193 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,677 visits/mo
0.5 miles
ARCO
Shops & Services
7,802 visits/mo
0.4 miles
AutoZone
Shops & Services
6,605 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $4,890,000.
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
