Building Details

Building Size 14,400 SF

Year Built 1985

Listing Agency: Matthews

Listed By: Brett Davis · License #02116782 (CA) Show Phone

Source: Matthews

Added: Apr 24 Changed: Sep 5 Last Checked: Sep 7 at 4:29AM

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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 Matthews

Investment Insights

Based on property information with market context.

This NNN property is associated with SRS Distribution and features a newly executed lease extension. The lease includes annual rent increases and a corporate guarantee, providing defined contractual terms for the investment. The property is located at 816 S Spruce St in Burlington, Washington.

Key Highlights

• Newly executed lease extension
• Annual rent increases incorporated into the lease
• Corporate guarantee supports the tenancy

Property Analytics

Property Profile

Current Use

C B Wholesale Big Box & Wholesale Store

Suggested Use

Top Pick Law Firm Auto Parts Store Garden Center Bakery HVAC Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

974

Businesses Nearby

Explore this area Business Placement

Demographics for 98223, WA

45,139

Population

18,224

Households

2.5

Avg Household Size

40

Median Age

21%

College-Educated

93%

High-School Grad

316.2 sq mi

ZIP Area

143

Density / Sq Mi

$96,478

Median Household Income

$52,487

Median Earnings

$1,780

Median Rent

$556,900

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - SRS Distribution occupancy is supported by an extended lease, scheduled annual increases, and a corporate guarantee.

Where is this nnn property located?

The property is located at 816 S Spruce St Burlington, WA.

What are key features of this property?

This property features: Newly executed lease extension; Annual rent increases incorporated into the lease; Corporate guarantee supports the tenancy