Restaurant Building with
15310 Main St Mill Creek, WA 98012
For Sale
Contact for pricing
Restaurant building on a pad with a gas-heated, fenced patio and commercial kitchen equipment.
Property Size6,272 SF
Price / SF$127.55
Days on Market609
Property Features for 15310 Main St
General Information
Standard status
Active
Size
6,272 SF
Property subtype
RETAIL
Listing Agency:
Skyline Properties, Inc.
(206) 686-8989
Listed By:
Nathan Belo
(206) 686-8989
Source:
Moodyscre
Added: Nov 27, 2024
Changed: Jul 26
Last Checked: Jul 29 at 2:26PM
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 Skyline Properties, Inc.
Investment Insights
Based on property information with market context.
Built as a Boston Pizza and bar building, this restaurant property includes a dedicated bar area and an outdoor fenced patio with gas heaters. The commercial kitchen is equipped with 2 Type 1 hoods and 1 Type 2 hood for a pizza oven, along with 2 walk-in coolers and 1 walk-in freezer. Under 1,000 retail sf is noted as usable for grocery or deli.
The property is located on a pad with a land lease that runs until 12/31/2045.
The offering is listed as for sale, with a stated pro-forma lease rate of $38/yr and seller financing noted at 8% (buyer/broker to verify terms directly with the listing agent).
The property is located on a pad with a land lease that runs until 12/31/2045.
The offering is listed as for sale, with a stated pro-forma lease rate of $38/yr and seller financing noted at 8% (buyer/broker to verify terms directly with the listing agent).
Key Highlights
- Restaurant building built as Boston Pizza & bar on a pad with a land lease through 12/31/2045
- Commercial kitchen includes 2 type 1 hoods and 1 type 2 hood for a pizza oven
- Includes 2 walk‑in coolers and 1 walk‑in freezer
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.1k | $15.00 |
| − Vacancy | −$7.1k | −$1.13 |
| EGI | $87.0k | $13.88 |
| − OpEx | −$26.1k | −$4.16 |
| NOI | $60.9k | $9.71 |
6,272 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.63M
NOI $97,618 @ 7.0% cap · market cap 12.20%
Second Best
Industrial
$870.2K
$761.5K – $1.02M
NOI $60,917 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,441 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Arirang Korean BBQ Mill Creek — 800 164th St SE, Mill Creek, WA 98012
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building on a pad with a gas-heated, fenced patio and commercial kitchen equipment.
Where is this conventional restaurant located?
The property is located at 15310 Main St Mill Creek, WA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Restaurant building built as Boston Pizza & bar on a pad with a land lease through 12/31/2045; Commercial kitchen includes 2 type 1 hoods and 1 type 2 hood for a pizza oven; Includes 2 walk‑in coolers and 1 walk‑in freezer
