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354 Union Ave NE Renton, WA 98059

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For Sale
$6,080,000

Les Schwab Tire Center in Renton, WA for sale.

Type:Commercial
Added:
Apr 14, 2025
Days on Market:
371
Last Refresh:
Apr 5 at 8:50 pm

Property Features for 354 Union Ave NE

General Information

Standard status
Active
Property subtype
Commercial

Building Details

Year Built
1988

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Listing Contact
SHERRY SCHOEN

Listing agent SHERRY SCHOEN

Listing office KIDDER MATHEWS

Listing date Apr 14, 2025

Source Corcoran

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 KIDDER MATHEWS


Overview

Les Schwab Tire Center Investment

This offering presents the opportunity to acquire a fee-simple interest in a Les Schwab Tire Center located in Renton, Washington. The property is subject to a corporate-guaranteed, 20-year Absolute NNN lease. The lease includes 10% rent escalations every 5 years. This investment offers stable cash flow and a fixed return through a long-term lease with a creditworthy tenant. The tenant has a proven track record, and the lease structure provides for no landlord responsibilities.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Automotive properties

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

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Location Insight

  • Map
  • Local Demand
City
Renton
County
King
State
Washington
Longitude
-122.164
Latitude
47.4877

FAQs

What type of property is this?
Automotive property - Les Schwab Tire Center in Renton, WA for sale.
Where is this automotive property located?
The property is located at 354 Union Ave NE Renton, WA.
What is the asking price?
The asking price for this property is $6,080,000.
What are key features of this property?
This property features: Corporate guaranteed, 20‑year Absolute NNN lease provides stable, long‑term cash flow.; 10% rent escalations every 5 years ensure increasing returns.; Strong creditworthy tenant (Les Schwab) with a proven track record.
More about this property
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