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221 Central Avenue$1,499,000For Sale

$1,499,000
For Sale
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Don't miss out on this incredible investment property with a nationally recognized credit tenant - Jack in the Box. Located on a heavily traveled arterial in downtown Kent, this prime corner lot is in close proximity to the mall, ShoWare Center, City Hall, and Transit Center. The building, completely re-built in 2011, showcases Jack in the Box's new restaurant model with outdoor service counters, a small patio area, drive-through lane, and ample parking. With over 50 years of history at this location, Jack in the Box has signed a long-term lease running through 2026, with two five-year extensions and 10% annual escalators at each option renewal. The lease is NNN, providing a hassle-free investment experience. Featuring at a 5.03% Cap rate
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0.31 Acres lot

Michael Piccolo

Michael Piccolo

Features & Amenities

Area & Lot

  • Status For Sale
  • Lot Area0.31 Acres
  • MLS® ID2199397
  • TypeCommercial
  • YEAR BUILT2011

Exterior

  • water SourcePublic
  • roofFlat
  • HEAT TYPEForced Air
  • AIR CONDITIONINGCentral A/C
  • sewerSewer Connected
  • other exterior FeaturesWood

Financial

  • Sales Price$1,499,000
  • Real Estate Tax $8,967/yr

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We are the only full service, investment-minded real estate company in the Pacific Northwest. Our brokerage is a home for investment-minded Agents, and our Investment Specialists work directly with clients to source and profit from investment properties.

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Contact Details

Caliber Group

Phone

(425) 320-3204

Email

[email protected]

Address

700 110th Ave NE, Suite 270, Bellevue WA 98004

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