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Restaurant

Chick-fil-A

8810 36th Ave NE, Marysville, WA 98270

Listing Price: $3,125,000

Cap Rate
4.00%
Tenant Name
Chick-fil-A
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
4,425
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.25

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Chick-fil-A located at 8810 36th Avenue NE in Marysville, WA. The site consists of roughly 4,425 rentable square feet of building space on estimated 0.85-acre parcel of land. This Chick-fil-A is subject to a 15-year absolute triple-net (NNN) lease, which commenced February 31st, 2020. The current annual rent is $125,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 6, 5-year renewal options.

Investment Highlights

  • Original 15-Year Absolute Triple-Net (NNN) Lease
  • Approximately 12.5 Years Remaining
  • Ten Percent (10%) Rental Increases Occurring Every Five (5) Years

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Listing Price: $3,125,000

Cap Rate
4.00%
Tenant Name
Chick-fil-A
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
4,425
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.25

Investment Highlights

  • Original 15-Year Absolute Triple-Net (NNN) Lease
  • Approximately 12.5 Years Remaining
  • Ten Percent (10%) Rental Increases Occurring Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Chick-fil-A located at 8810 36th Avenue NE in Marysville, WA. The site consists of roughly 4,425 rentable square feet of building space on estimated 0.85-acre parcel of land. This Chick-fil-A is subject to a 15-year absolute triple-net (NNN) lease, which commenced February 31st, 2020. The current annual rent is $125,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 6, 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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