NNN Collision Repair
258 N Hill Blvd Burlington, WA 98233
258 N Hill Blvd, Burlington, WA, 98233
Contact for pricing
For Sale
Contact for pricing
Long-term NNN lease with minimal landlord responsibilities for a collision repair shop operated for more than 24 years.
Property Size7,020 SF
Price / SF$276.35
Days on Market94
Property Features for 258 N Hill Blvd
General Information
- Standard status
- Active
- Size
- 7,020 SF
- Property subtype
- RETAIL
Listing agency
Marcus & Millichap, Inc.
(206) 826-5787
Listed by
Clayton Brown · License #(S):WA:123258,ID:SP56979
Source
Moodyscre
Added: Apr 20 Updated: Jul 22 at 2:59PM Checked: Jul 22 at 2:59PM
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 Marcus & Millichap, Inc.
Investment Insights
Based on property information with market context.
This NNN collision repair facility is operated as a collision repair shop and has been in use for more than 24 years. The property is available for sale as part of a long-term lease structure with minimal landlord responsibilities, and the lease is backed by Crash Champions, LLC, a national collision repair operator with more than 650 locations across 38 states. The lease includes 3.00% annual rent increases throughout the initial term and option periods.
The property is located in an automotive corridor with signage visibility to I-5, and the remarks cite 54,000+ VPD. The area is described as having limited nearby competition and established traffic patterns.
According to the provided information, there is approximately 90,000 residents within a 10-mile radius and average household incomes exceeding $108,000. The remarks also note Washington’s lack of state income tax as a factor supporting after-tax returns.
The property is located in an automotive corridor with signage visibility to I-5, and the remarks cite 54,000+ VPD. The area is described as having limited nearby competition and established traffic patterns.
According to the provided information, there is approximately 90,000 residents within a 10-mile radius and average household incomes exceeding $108,000. The remarks also note Washington’s lack of state income tax as a factor supporting after-tax returns.
Key Highlights
- Long‑term 12+ year NNN lease with minimal landlord responsibilities for a collision repair shop
- Backed by Crash Champions, LLC, a national collision repair operator with 650+ locations across 38 states
- 3.00% annual rent increases throughout the initial term and option periods
Local 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 | $85.9k | $12.24 |
| − Vacancy | −$1.2k | −$0.18 |
| EGI | $84.7k | $12.06 |
| − OpEx | −$25.4k | −$3.62 |
| NOI | $59.3k | $8.44 |
7,020 SF · lease $12.24/SF/yr · vacancy 1.45% · expense 30.00%
Alternative Uses
Best Use
Industrial
$846.8K
$740.9K – $987.9K
NOI $59,275 @ 7.0% cap · market cap 3.06%
Second Best
Retail
$846.8K
$740.9K – $987.9K
NOI $59,275 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$2.86M
$2.50M – $3.33M
NOI $199,857 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
1st Class Auto ...
Auto Repair Shop
Crash Champions Collision ...
Auto Repair Shop
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FAQs
What type of property is this?
Auto shop - Long-term NNN lease with minimal landlord responsibilities for a collision repair shop operated for more than 24 years.
Where is this auto shop located?
The property is located at 258 N Hill Blvd Burlington, WA.
What is the asking price?
The asking price for this property is $1,940,000.
What are key features of this property?
This property features: Long‑term 12+ year NNN lease with minimal landlord responsibilities for a collision repair shop; Backed by Crash Champions, LLC, a national collision repair operator with 650+ locations across 38 states; 3.00% annual rent increases throughout the initial term and option periods
