Absolute NNN Retail Auto Parts
For Sale
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18021 Aurora Ave N, Seattle, WA 98133
16,265 SF retail building on 0.84 acres leased to O'Reilly Auto Parts under an absolute NNN lease extended in 2016.
Property Size16,265 SF
Lot Size0.84 Acres
Days on Market121
Property Features for 18021 Aurora Ave N
General Information
Standard status
Active
Size
16,265 SF
Lot size
0.84 Acres
Property subtype
Retail
Occupancy
100%
Listing Agency:
Cambridge Properties
Listed By:
Henry Kerson · License #AZ BR641392000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 5:28AM
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 Cambridge Properties
Investment Insights
Based on property information with market context.
The subject property is a 16,265-square-foot retail building on a 0.84-acre parcel, leased to O’Reilly Auto Parts. The lease is absolute NNN and was recently extended in 2016. The lease includes 8% increases throughout the base term and in each option. O’Reilly has operated at the site for an extended period and uses the facility as a HUB store and office for visiting corporate employees in addition to its retail business.
The property is located in Shoreline, WA in King County, at 18021 Aurora Ave N. Shoreline borders Seattle to the north and is described as undergoing multiple development initiatives, including light rail, new walking bridge, and intersection improvements near the Community College, along with additional housing and apartment and retail projects. The surrounding area also includes a range of established Seattle-based businesses and employers.
As presented, the asset is structured as an absolute NNN retail investment with a long-standing operator and scheduled rent increases tied to the lease term and options.
The property is located in Shoreline, WA in King County, at 18021 Aurora Ave N. Shoreline borders Seattle to the north and is described as undergoing multiple development initiatives, including light rail, new walking bridge, and intersection improvements near the Community College, along with additional housing and apartment and retail projects. The surrounding area also includes a range of established Seattle-based businesses and employers.
As presented, the asset is structured as an absolute NNN retail investment with a long-standing operator and scheduled rent increases tied to the lease term and options.
Key Highlights
- 16,265 SF retail building on a 0.84‑acre parcel in Shoreline, WA
- Leased to O'Reilly Auto Parts under an absolute NNN lease
- Lease was recently extended in 2016
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 98133, WA
50,720
Population
24,730
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
7,144
Density / Sq Mi
$92,371
Median Household Income
$60,328
Median Earnings
$1,794
Median Rent
$719,100
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
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Frequently Asked Questions
What type of property is this?
Retail space - 16,265 SF retail building on 0.84 acres leased to O'Reilly Auto Parts under an absolute NNN lease extended in 2016.
Where is this retail space located?
The property is located at 18021 Aurora Ave N Seattle, WA.
What are key features of this property?
This property features: 16,265 SF retail building on a 0.84‑acre parcel in Shoreline, WA; Leased to O'Reilly Auto Parts under an absolute NNN lease; Lease was recently extended in 2016
