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Government

United States Post Office

122 N Blakeley St, Monroe, WA 98272

Listing Price: $1,700,000

Cap Rate
7.07%
Tenant Name
United States Postal Service
Years Remaining On Lease
5.7
Guarantor
United States Government
Rentable SF
5,388
Lease Type
Modified Gross
Rent Per Square Feet
$24.13

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the United States Post Office in Monroe, Washington. The property consists of a 5,388-square foot building on a 0.52-acre lot.

The single-tenant building is occupied solely by the United States Postal Service (USPS). The Post Office is open for retail business Monday through Friday from 8:30 AM to 5:00 PM. In addition to the monthly rental payment for the property, the USPS pays all recurring utility bills and reimburses the Landlord for paid real estate taxes. The Landlord is responsible for the cost of insurance. Landlord and tenant repair and maintenance responsibilities are outlined in the Maintenance Rider and Utilities and Services Rider portions of the lease.

Monroe is located in western Washington approximately 32 miles northeast of downtown Seattle.

Investment Highlights

  • Single-tenant building with long-term U.S. Postal Service tenancy
  • New 5-year lease effective March 2025 (current lease remains in effect)
  • Landlord maintenance rider* | Tax reimbursement rider | No termination clause *USPS is responsible for repair and maintenance of A/C system and hydraulic lift on loading dock
  • Growing area | 12% population growth in 5-mile radius between 2010 and 2020 census

Exclusively Listed By

Financing By

Government

United States Post Office

Listing Price: $1,700,000

Cap Rate
7.07%
Tenant Name
United States Postal Service
Years Remaining On Lease
5.7
Guarantor
United States Government
Rentable SF
5,388
Lease Type
Modified Gross
Rent Per Square Feet
$24.13

Investment Highlights

  • Single-tenant building with long-term U.S. Postal Service tenancy
  • New 5-year lease effective March 2025 (current lease remains in effect)
  • Landlord maintenance rider* | Tax reimbursement rider | No termination clause *USPS is responsible for repair and maintenance of A/C system and hydraulic lift on loading dock
  • Growing area | 12% population growth in 5-mile radius between 2010 and 2020 census

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the United States Post Office in Monroe, Washington. The property consists of a 5,388-square foot building on a 0.52-acre lot. The single-tenant building is occupied solely by the United States Postal Service (USPS). The Post Office is open for retail business Monday through Friday from 8:30 AM to 5:00 PM. In addition to the monthly rental payment for the property, the USPS pays all recurring utility bills and reimburses the Landlord for paid real estate taxes. The Landlord is responsible for the cost of insurance. Landlord and tenant repair and maintenance responsibilities are outlined in the Maintenance Rider and Utilities and Services Rider portions of the lease. Monroe is located in western Washington approximately 32 miles northeast of downtown Seattle.

Exclusively Listed By

Financing By

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