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    375 Rainier Ave S Renton, WA 98057

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    For Sale
    $4,620,000

    Absolute NNN ground lease Chick-fil-A in Renton, WA for sale.

    Property size:
    4,643 SF

    Property Features for 375 Rainier Ave S

    General Information

    Standard status
    Active
    Size
    4,643 SF

    Building Details

    Year built
    2021

    Source: MARCUS & MILLICHAP, INC. Agent CLAYTON BROWN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Ground Lease Chick-fil-A

    This property features an Absolute NNN ground lease Chick-fil-A located in Renton, WA. The lease has over 9 years remaining on the original 15-year lease, with 10% rent increases every five years and eight 5-year renewal options. The Absolute NNN ground lease structure provides zero landlord responsibilities. The property is backed by a corporate guarantee from Chick-fil-A, Inc., a quick-service chicken chain with over 3,200 locations. The investment is located at a high-visibility, signalized intersection with a traffic count of 58,460.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.216405
    Latitude
    47.478355

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    FAQs

    What type of property is this?
    Drive through restaurant - Absolute NNN ground lease Chick-fil-A in Renton, WA for sale.
    Where is this drive through restaurant located?
    The property is located at 375 Rainier Ave S Renton, WA.
    What is the asking price?
    The asking price for this property is $4,620,000.
    What are key features of this property?
    This property features: - Absolute NNN ground lease structure provides zero landlord responsibilities, delivering truly passive cash flow.; - Corporate guarantee from Chick-fil-A, Inc., a leading quick-service chicken chain.; - Over 9 years remaining on the original 15-year lease.
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    375 Rainier Ave S Renton, WA 98057
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    Renton, WA 98057
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    375 Rainier Ave S Renton, WA 98057
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