Bonney Lake (Seattle), WA 98391

Chick-fil-A Ground Lease

Property Address

20402 98th Street East, Bonney Lake, WA, USA

Offering Summary

  • Price: $4,900,000
  • Lot Size: 1.23 Acres
  • Cap Rate: 3.50%
  • Year Built: 2021
  • Building SF: 4,990
  • Status: In Escrow
Download Brochure Submit Offer
  • New 15-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty
  • 10% Rental Increases Every 5 Years
  • High-Quality 2021 Construction with a Dual Lane Drive-Thru
  • Rapidly Growing Trade Area - Households and Population Projected to Increase Over 26% within 1 Mile by 2025
  • Prime Location within Mountain View Marketplace, Shadow-Anchored by Costco - Other Tenants Include Chipotle, MOD Pizza, Valvoline, and The Habit Burger
  • Rare Ground Lease with Potential Tax Benefits (Depreciable Sitework), Please Consult Your Tax Advisor
  • Average Household Income Exceeds $122,000 in the Immediate Area
  • 101,679 Residents within a 5-Mile Radius - Seattle MSA

Broker Information