Seattle NNN Investment
13036 Lake City Way NE, Seattle, WA 98125
NNN leased auto facility with long-term tenant and redevelopment potential.
Type:Industrial
Property size:
8,586 SFPrice / SF:
$378/SF- Added:
- Mar 20, 2026
- Days on Market:
- 100
- Last Refresh:
- Mar 21 at 8:48 pm
Property Features for 13036 Lake City Way NE
General Information
- Standard status
- Active
- Size
- 8,586 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 161
Listing office Windermere Real Estate
Listing date Mar 20, 2026
Source Crexi
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 Windermere Real Estate
HighLights
- Long‑term lease to Classic Collision through September 2031 with extension options, ensuring stable income.
- Annual 3% rent increases, growing the cap rate.
- High‑traffic location on Lake City Way NE with strong visibility and excellent access.
- Zoned NC3‑55 (M), allowing mixed‑use redevelopment up to 55’.
- Stable, predictable income from a recession‑resistant tenant.
- Functional multi‑building auto facility.
Overview
This Seattle property presents an NNN investment opportunity, offering stable income from a long-term tenant. The property is leased to Classic Collision through September 2031, with three five-year extension options available. The current base rent is $162,000, with annual increases of 3%. The property is a functional multi-building auto facility located on high-traffic Lake City Way NE, providing strong visibility and access to I-5, Northgate, and the University District. The property is zoned NC3-55 (M), which allows for mixed-use redevelopment up to 55 feet, creating future flexibility and land value upside. The property is 8586 square feet. It is positioned in a supply-constrained Seattle market.
Local Financial Insights For Retail
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 | $257.6k | $30.00 |
| − Vacancy | −$7.7k | −$0.90 |
| EGI | $249.9k | $29.10 |
| − OpEx | −$75.0k | −$8.73 |
| NOI | $174.9k | $20.37 |
8,586 SF · lease $30.00/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.91M
NOI $174,897 @ 7.0% cap · market cap 5.38%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,689 @ 7.0% cap · market cap 3.74%
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,880 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Classic Collision
Auto Repair Shop
Similar Places Nearby
- Ethio Hybrid Battery Repair Service — 12347 25th Ave NE, Seattle, WA 98125
- Curt's Hot Rods and Tires — 11827 Lake City Way NE, Seattle, WA 98125
- Lake City Autoworks — 2825 NE 120th St, Seattle, WA 98125
- Dealership Glass Auto Glass — Located inside of Pierre Fleet & Commercial Sales, 12002 Lake City Way NE, Seattle, WA 98125
- North Seattle Tow Truck — 12011 32nd Ave NE, Seattle, WA 98125
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.2920035
- Latitude
- 47.7244123
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - NNN leased auto facility with long-term tenant and redevelopment potential.
Where is this auto shop located?
The property is located at 13036 Lake City Way NE Seattle, WA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Long‑term lease to Classic Collision through September 2031 with extension options, ensuring stable income.; Annual 3% rent increases, growing the cap rate.; High‑traffic location on Lake City Way NE with strong visibility and excellent access.
