NNN Automotive Collision Repair
6021 199th St NE Arlington, WA 98223
6021 199th St NE, Arlington, WA, 98223
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For Sale
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Two 2008 steel-frame metal buildings are leased on a long-term NNN basis to a collision repair operator.
Property Size22,848 SF
Price / SF$224.53
Days on Market93
Property Features for 6021 199th St NE
General Information
- Standard status
- Active
- Size
- 22,848 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agency
Marcus & Millichap - Seattle
Listed by
Trevor Lane · License #24007779
Source
Crexi
Added: Apr 20 Updated: Jul 21 at 2:15PM Checked: Jul 21 at 2:15PM
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 - Seattle
Investment Insights
Based on property information with market context.
This offering features two steel-frame metal buildings with metal roofs built in 2008. The property is operated as a collision repair facility and ultimately expanded to occupy the entire site. The current structure supports a long-term, 12+ year NNN lease with minimal landlord responsibilities, backed by Crash Champions, LLC.
The lease has 3.00% annual rent increases throughout the initial term and option periods. The asset is located at 6021 199th St NE in Arlington, WA 98223, positioned to serve a broad trade area. The seller’s materials cite approximately 145,000 residents within a 10-mile radius and average household incomes exceeding $122,000.
The lease has 3.00% annual rent increases throughout the initial term and option periods. The asset is located at 6021 199th St NE in Arlington, WA 98223, positioned to serve a broad trade area. The seller’s materials cite approximately 145,000 residents within a 10-mile radius and average household incomes exceeding $122,000.
Key Highlights
- Two 2008 steel‑frame, metal‑roof buildings leased long‑term on a NNN basis to a collision repair operator
- 12+ year NNN lease with minimal landlord responsibilities, backed by Crash Champions, LLC
- 3.00% annual rent increases throughout the initial term and option periods for consistent NOI growth
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 | $493.5k | $21.60 |
| − Vacancy | −$33.6k | −$1.47 |
| EGI | $460.0k | $20.13 |
| − OpEx | −$138.0k | −$6.04 |
| NOI | $322.0k | $14.09 |
22,848 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.60M
$4.02M – $5.37M
NOI $321,970 @ 7.0% cap · market cap 6.28%
Second Best
Industrial
$3.17M
$2.77M – $3.70M
NOI $221,911 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$6.37M
$5.58M – $7.43M
NOI $446,034 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- T F Auto Repair LLC — 18932 66th Ave NE Ste A, Arlington, WA 98223
- Perpetual Balance, LLC — 19012 61st Ave NE #3, Arlington, WA 98223
- Powerstroke Customs, LLC — 19007 61st Ave NE Unit 3, Arlington, WA 98223
- Rosten Automotive & custom — 19010 66th Ave NE unit 5B, Arlington, WA 98223
- Superior Cycle Service — 19010 61st Ave NE Unit 3, Arlington, WA 98223
FAQs
What type of property is this?
Auto shop - Two 2008 steel-frame metal buildings are leased on a long-term NNN basis to a collision repair operator.
Where is this auto shop located?
The property is located at 6021 199th St NE Arlington, WA.
What is the asking price?
The asking price for this property is $5,130,000.
What are key features of this property?
This property features: Two 2008 steel‑frame, metal‑roof buildings leased long‑term on a NNN basis to a collision repair operator; 12+ year NNN lease with minimal landlord responsibilities, backed by Crash Champions, LLC; 3.00% annual rent increases throughout the initial term and option periods for consistent NOI growth
