76 Gas - Net Lease Property for Sale
Everett, WA
Key Investment Metrics
Price
$2,014,000
Cap Rate
5.8%
Net Operating Income
$115,809
Building Size
2399 SF
Lot Size
2,399 SF
Land Area
0.55 Acres
Remaining Term
9.5 years
Lease Expiration
06/30/2035
Lease Term
15 years
Lease Commencement
07/01/2020
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
7.5% every 5 years
About This 76 Gas Net Lease Property
This 76 Gas NNN (triple net lease) property is located in Everett, WA and represents an excellent investment opportunity for commercial real estate investors. The property features 2399 square feet of building space.
With a cap rate of 5.8%, this 76 Gas net lease property offers stable income potential. The asking price is $2,014,000, making it an attractive option for 1031 exchange investors seeking quality 76 Gas commercial properties.
Why Invest in 76 Gas NNN Properties?
- Stable Income: 76 Gas net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: 76 Gas is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Everett, WA Market Overview
Located in Everett, WA, this 76 Gas property benefits from strong local demographics and market fundamentals. The Everett area offers excellent visibility and accessibility, making it an ideal location for 76 Gas operations and a solid investment for net lease property buyers.