Crash Champions - Net Lease Property for Sale
Kirkland, WA
Key Investment Metrics
Price
$2,384,000
Cap Rate
7.0%
Net Operating Income
$166,860
Building Size
8020 SF
Lot Size
8,020 SF
Land Area
0.89 Acres
Remaining Term
8.6 years
Lease Expiration
07/29/2034
Lease Term
10 years
Lease Commencement
07/24/2024
Lease Type
NN
Year Built
1977
Occupancy
100%
Tenancy
Single
Rent Increases
3% Annual Increases
About This Crash Champions Net Lease Property
This Crash Champions NNN (triple net lease) property is located in Kirkland, WA and represents an excellent investment opportunity for commercial real estate investors. The property features 8020 square feet of building space and was built in 1977.
With a cap rate of 7.0%, this Crash Champions net lease property offers stable income potential. The asking price is $2,384,000, making it an attractive option for 1031 exchange investors seeking quality Crash Champions commercial properties.
Why Invest in Crash Champions NNN Properties?
- Stable Income: Crash Champions net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Crash Champions 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.
Kirkland, WA Market Overview
Located in Kirkland, WA, this Crash Champions property benefits from strong local demographics and market fundamentals. The Kirkland area offers excellent visibility and accessibility, making it an ideal location for Crash Champions operations and a solid investment for net lease property buyers.