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Auto Service - Gas-Conv

7-Eleven w/ Gas - Strong Performing Location | Seattle MSA | NNN Lease | Signalized Hard Corner

2412 136th Ave Ct E, Sumner (Seattle-Tacoma MSA), WA 98390

Listing Price: $5,500,000

Cap Rate
4.89%
Tenant Name
7-Eleven
Years Remaining On Lease
9.7
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,827.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$89.36

Investment Overview

Sumner, Washington is strategically positioned within East Pierce County, one of the fastest-growing submarkets in the greater Seattle-Tacoma metropolitan area. Located between Tacoma and Auburn with direct access to SR-410, SR-167, and Interstate-5, the area benefits from strong regional connectivity and sustained commuter traffic patterns.

Sumner serves as a critical industrial and logistics hub within the Puget Sound region. The city is integrated into the distribution network supporting the Port of Tacoma and the broader Northwest Seaport Alliance, driving significant warehouse, manufacturing, and freight activity. Major operators including Amazon and Costco Wholesale maintain large-scale distribution facilities nearby, supporting a substantial daytime workforce and consistent commercial vehicle traffic.

Residential growth continues to expand throughout Sumner, Bonney Lake, South Hill, and Puyallup, fueled by relative housing affordability compared to King County. New single-family and multifamily developments have increased population density across East Pierce County, contributing to steady consumer demand for convenience-oriented retail and fuel services.

The region also benefits from commuter connectivity via the Sounder commuter rail, linking Sumner to Seattle and Tacoma employment centers. This multi-directional commuter flow enhances peak-hour traffic volumes and supports daily retail activity.

East Pierce County’s balanced economic base—combining logistics, healthcare, manufacturing, and residential expansion—provides long-term stability and diversification. With continued infrastructure investment, sustained industrial demand, and ongoing housing growth, the Sumner trade area remains positioned for durable population expansion and strong transportation-driven retail fundamentals.

Investment Highlights

  • NNN Lease feat. 10% Rental Increases Every 5 Years Throughout the Initial Term & Options. 2020 Construction w/ Gas Station. 7-Eleven has never Defaulted on a Lease and Averages 43+ Years Occupancy.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Signalized Hard Corner Location: Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 12k Vehicles.
  • Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation
  • Strong Performing Location per Placer.ai: Top 13% Most Visited Site in the Chain. Densely Populated and Affluent Area: Features an Average Household Income of more than $125k within a 1-Mile Radius and over 162k People Residing within a 5-Mile Radius.
  • Strong Regional Connectivity to Interstate-5 & WA-167 - Immediate Access to/from WA-167 and near Interstate-5, enhancing Long-Term Viability by Connecting the Property to the Broader Seattle-Tacoma-Bellevue Metropolitan Economy.
  • Located Minutes from WA-410, a Major Arterial Linking Sumner, Bonney Lake, Puyallup, and Auburn, Capturing Commuter, Logistics, and Residential Traffic throughout the Rapidly Expanding East Pierce County Corridor.
  • Positioned w/in the Seattle-Tacoma Industrial Growth Hub - Near Amazon Fulfillment, Costco Distribution, and Northwest Seaport Alliance Logistics, Driving Consistent Fuel and Convenience Demand from Shift Workers and Regional Freight Traffic.
  • The Site Benefits from Significant Daytime Population Driven by Warehouse, Manufacturing, and Logistics Operations throughout Sumner's Industrial Corridor, Generating Dependable Weekday Fuel and in-Store Demand.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Chris Talia

    Associate Director Investments

    (858) 373-3235

    Email Chris

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Joel Deis

    Senior Managing Director, Market Leader- Washington

    (206) 826-5700

    License(s) WA: 25469

    Washington

Auto Service - Gas-Conv

7-Eleven w/ Gas - Strong Performing Location | Seattle MSA | NNN Lease | Signalized Hard Corner

Listing Price: $5,500,000

Cap Rate
4.89%
Tenant Name
7-Eleven
Years Remaining On Lease
9.7
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,827.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$89.36

Investment Highlights

  • NNN Lease feat. 10% Rental Increases Every 5 Years Throughout the Initial Term & Options. 2020 Construction w/ Gas Station. 7-Eleven has never Defaulted on a Lease and Averages 43+ Years Occupancy.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Signalized Hard Corner Location: Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 12k Vehicles.
  • Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation
  • Strong Performing Location per Placer.ai: Top 13% Most Visited Site in the Chain. Densely Populated and Affluent Area: Features an Average Household Income of more than $125k within a 1-Mile Radius and over 162k People Residing within a 5-Mile Radius.
  • Strong Regional Connectivity to Interstate-5 & WA-167 - Immediate Access to/from WA-167 and near Interstate-5, enhancing Long-Term Viability by Connecting the Property to the Broader Seattle-Tacoma-Bellevue Metropolitan Economy.
  • Located Minutes from WA-410, a Major Arterial Linking Sumner, Bonney Lake, Puyallup, and Auburn, Capturing Commuter, Logistics, and Residential Traffic throughout the Rapidly Expanding East Pierce County Corridor.
  • Positioned w/in the Seattle-Tacoma Industrial Growth Hub - Near Amazon Fulfillment, Costco Distribution, and Northwest Seaport Alliance Logistics, Driving Consistent Fuel and Convenience Demand from Shift Workers and Regional Freight Traffic.
  • The Site Benefits from Significant Daytime Population Driven by Warehouse, Manufacturing, and Logistics Operations throughout Sumner's Industrial Corridor, Generating Dependable Weekday Fuel and in-Store Demand.

Investment Overview

Sumner, Washington is strategically positioned within East Pierce County, one of the fastest-growing submarkets in the greater Seattle-Tacoma metropolitan area. Located between Tacoma and Auburn with direct access to SR-410, SR-167, and Interstate-5, the area benefits from strong regional connectivity and sustained commuter traffic patterns. Sumner serves as a critical industrial and logistics hub within the Puget Sound region. The city is integrated into the distribution network supporting the Port of Tacoma and the broader Northwest Seaport Alliance, driving significant warehouse, manufacturing, and freight activity. Major operators including Amazon and Costco Wholesale maintain large-scale distribution facilities nearby, supporting a substantial daytime workforce and consistent commercial vehicle traffic. Residential growth continues to expand throughout Sumner, Bonney Lake, South Hill, and Puyallup, fueled by relative housing affordability compared to King County. New single-family and multifamily developments have increased population density across East Pierce County, contributing to steady consumer demand for convenience-oriented retail and fuel services. The region also benefits from commuter connectivity via the Sounder commuter rail, linking Sumner to Seattle and Tacoma employment centers. This multi-directional commuter flow enhances peak-hour traffic volumes and supports daily retail activity. East Pierce County’s balanced economic base—combining logistics, healthcare, manufacturing, and residential expansion—provides long-term stability and diversification. With continued infrastructure investment, sustained industrial demand, and ongoing housing growth, the Sumner trade area remains positioned for durable population expansion and strong transportation-driven retail fundamentals.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Chris Talia

    Associate Director Investments

    (858) 373-3235

    Email Chris

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Joel Deis

    Senior Managing Director, Market Leader- Washington

    (206) 826-5700

    License(s): WA: 25469

    Washington

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