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Single-Tenant Industrial

Northwest Signs

17201 Beaton Rd SE, Monroe, WA 98272

Listing Price: $4,655,000

Cap Rate
5.50%
Gross SF
17,746
Price/Gross SF
$262.31
Lot Size
1.00 acres
Year Built
1991
Rentable SF
17,746

Investment Overview

The Leibsohn Group of Marcus and Millichap is pleased to present the exclusive sale offering for the Northwest Sign and Design building in Monroe, WA. This outstanding single tenant investment property features a brand new 10 year guaranteed NNN lease with 2.5% annual rent escalations. Northwest Sign and Design is a very well established (1993) full service signage and visual arts company operating at this location since 2016. This well maintained, multi purpose property is prominently located in the heart of Monroe‘s booming industrial district. Overall, the savvy investor has the opportunity to purchase this outstanding and stable investment property providing great cash flow, ease of management, a lease structure that offers a hedge against inflation and an excellent future appreciation potential.

Investment Highlights

  • LONG-TERM LEASE: Northwest Sign and Design recently executed a brand new 10-year lease which provides the investor with a stable and predictable income stream.
  • ANNUAL RENTAL INCREASES: The Lease offers a strong hedge against inflation featuring 2.5% annual rental increases.
  • PASSIVE LEASE STRUCTURE: True NNN lease reimburses Landlord for all building operating expenses eliminating exposure too inflationary costs.
  • WELL-MAINTAINED & VERSATILE BUILDING: The building has mix of highly functional office, warehouse, and light manufacturing space that lends itself to a variety of potential uses and maximizes the efficiency of the current tenant's needs.
  • EXCELLENT LOCATION: The building is perfectly situation within the Monroe industrial corridor with convenient access to Highway 2, downtown Monroe, and the surrounding amenities.
  • RAPID RENT GROWTH: The Monroe submarket has enjoyed consistent rental rate growth with an average 5.9% annual increase over the past decade and 9.7% rental growth over the past 12 months.
  • WELL-ESTBALISHED TENANT: Northwest Sign & Design has a prestigious track record of nearly 30 years and serves as the premier provider of signs and visual art for many brands throughout the Pacific Northwest region.
  • INCOME TAX-FREE STATE: Washington is an income tax-free state.

Exclusively Listed By

Financing By

Single-Tenant Industrial

Northwest Signs

Listing Price: $4,655,000

Cap Rate
5.50%
Gross SF
17,746
Price/Gross SF
$262.31
Lot Size
1.00 acres
Year Built
1991
Rentable SF
17,746

Investment Highlights

  • LONG-TERM LEASE: Northwest Sign and Design recently executed a brand new 10-year lease which provides the investor with a stable and predictable income stream.
  • ANNUAL RENTAL INCREASES: The Lease offers a strong hedge against inflation featuring 2.5% annual rental increases.
  • PASSIVE LEASE STRUCTURE: True NNN lease reimburses Landlord for all building operating expenses eliminating exposure too inflationary costs.
  • WELL-MAINTAINED & VERSATILE BUILDING: The building has mix of highly functional office, warehouse, and light manufacturing space that lends itself to a variety of potential uses and maximizes the efficiency of the current tenant's needs.
  • EXCELLENT LOCATION: The building is perfectly situation within the Monroe industrial corridor with convenient access to Highway 2, downtown Monroe, and the surrounding amenities.
  • RAPID RENT GROWTH: The Monroe submarket has enjoyed consistent rental rate growth with an average 5.9% annual increase over the past decade and 9.7% rental growth over the past 12 months.
  • WELL-ESTBALISHED TENANT: Northwest Sign & Design has a prestigious track record of nearly 30 years and serves as the premier provider of signs and visual art for many brands throughout the Pacific Northwest region.
  • INCOME TAX-FREE STATE: Washington is an income tax-free state.

Investment Overview

The Leibsohn Group of Marcus and Millichap is pleased to present the exclusive sale offering for the Northwest Sign and Design building in Monroe, WA. This outstanding single tenant investment property features a brand new 10 year guaranteed NNN lease with 2.5% annual rent escalations. Northwest Sign and Design is a very well established (1993) full service signage and visual arts company operating at this location since 2016. This well maintained, multi purpose property is prominently located in the heart of Monroe‘s booming industrial district. Overall, the savvy investor has the opportunity to purchase this outstanding and stable investment property providing great cash flow, ease of management, a lease structure that offers a hedge against inflation and an excellent future appreciation potential.

Exclusively Listed By

Financing By

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