West Mt Vernon Bar/Restaurant
For Sale
Contact for pricing
720 W Division St, Mount Vernon, WA 98273
Bar and restaurant with tenant, excellent opportunity for rent increases.
Property SizeContact for details
Days on Market181
Property Features for 720 W Division St
General Information
Standard status
Active
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$68,923
Building Details
Year Built
1963
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Dave Nelson Real Estate
(425) 319-3100
Listed By:
Dave Nelson · License #WA
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 11 at 11:58AM
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 Dave Nelson Real Estate
Investment Insights
Based on property information with market context.
Located on the main street (W Division/SR536) in West Mt Vernon, this property features a bar and restaurant currently operated by a tenant under a NNN lease, with the tenant interested in renewing the lease. The property offers an excellent opportunity for future rent increases and has a 9.19% cap rate. Recent electrical and roofing repairs have been completed. The property includes 3 rental units, all rented to the same tenant. It is equipped with 3 meters, natural gas, internet, city water, and sewer.
Key Highlights
- High 9.19% Cap Rate
- Tenant wants to renew NNN Lease
- Excellent opportunity for future rent increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Home Improvements & Furnishings 11%
Bank of America
Shops & Services
5,718 visits/mo
0.4 miles
Shell
Shops & Services
3,069 visits/mo
0.1 miles
Les Schwab Tire Center
Shops & Services
1,736 visits/mo
0.2 miles
Carpet One Floor & Home
Home Improvements & Furnishings
1,248 visits/mo
0.5 miles
Demographics for 98273, WA
31,243
Population
11,991
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
87%
High-School Grad
83.9 sq mi
ZIP Area
372
Density / Sq Mi
$74,247
Median Household Income
$42,168
Median Earnings
$1,171
Median Rent
$448,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- The Porterhouse Pub — 416 W Gates St, Mount Vernon, WA 98273
- La Catrina Tacos & Tequila — 517 S 1st St, Mount Vernon, WA 98273
- Ristretto Coffee Lounge & Wine Bar — 416 S 1st St, Mount Vernon, WA 98273
- Revival Lounge — 306 A Pine St, Mount Vernon, WA 98273
- Temperate Habits Brewing Company — 500 S 1st St, Mount Vernon, WA 98273
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar and restaurant with tenant, excellent opportunity for rent increases.
Where is this bar & pub located?
The property is located at 720 W Division St Mount Vernon, WA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High 9.19% Cap Rate; Tenant wants to renew NNN Lease; Excellent opportunity for future rent increases
