Seattle 7-Eleven Gas
For Sale
Contact for pricing
12848 Martin Luther King Jr Way S, Seattle, WA 98178
NNN leased 7-Eleven with approximately 9.9 years remaining.
Property Size2,428 SF
Lot Size0.47 Acres
Price / SF$1,799
Days on Market352
Property Features for 12848 Martin Luther King Jr Way S
General Information
Standard status
Active
Size
2,428 SF
Total Parking Spaces
18
Lot size
0.47 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$246,840
Building Details
Year Built
1982
Tenancy
Single
Listing Agency:
CBRE Atlanta
(404) 504-7893
Listed By:
Thomas Carr · License #374849
Source:
Crexi
Added: Aug 25, 2025
Changed: Aug 8
Last Checked: Aug 11 at 6:40PM
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 CBRE Atlanta
Investment Insights
Based on property information with market context.
This property features a 2,428-square-foot 7-Eleven Gas Station & Convenience Store, situated on 0.47 acre in Seattle, Washington. The absolute NNN lease with 7-Eleven has approximately 9.9 years of primary term remaining. The lease includes a 10% rent increase in 2031 and five, 5-year renewal options. Rent increases by 7.5% in the first three options and is set to Fair Market Rental Value in the fourth and fifth options.
Key Highlights
- Absolute NNN lease structure, offering a passive investment opportunity.
- Approximately 9.9 years of primary lease term remaining, providing long‑term stability.
- Located in Seattle, Washington, a major metropolitan area (MSA Population: 4.19M+).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 98178, WA
26,122
Population
10,018
Households
2.6
Avg Household Size
39
Median Age
36%
College-Educated
86%
High-School Grad
4.9 sq mi
ZIP Area
5,331
Density / Sq Mi
$93,786
Median Household Income
$52,123
Median Earnings
$1,836
Median Rent
$628,200
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - NNN leased 7-Eleven with approximately 9.9 years remaining.
Where is this gas station located?
The property is located at 12848 Martin Luther King Jr Way S Seattle, WA.
What is the asking price?
The asking price for this property is $4,368,900.
What are key features of this property?
This property features: Absolute NNN lease structure, offering a passive investment opportunity.; Approximately 9.9 years of primary lease term remaining, providing long‑term stability.; Located in Seattle, Washington, a major metropolitan area (MSA Population: 4.19M+).
