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NNN Property with Lease Extension
For Sale
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816 S Spruce St, Burlington, WA 98233

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

Property SizeContact for details
Days on Market128

Property Features for 816 S Spruce St

General Information

Standard status Active
Property subtype Industrial
Listing Agency: Matthews
Listed By: Brett Davis · License #CA
Source: Crexi
Added: Apr 24 Changed: Aug 29 Last Checked: Aug 29 at 5:57PM

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

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

Demographics for 98233, WA

16,034
Population
7,295
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
90%
High-School Grad
33.2 sq mi
ZIP Area
483
Density / Sq Mi
$83,560
Median Household Income
$43,697
Median Earnings
$1,567
Median Rent
$466,300
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
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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
More about this property
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