Investment Overview

Brown Retail Group of Marcus & Millichap has been selected to exclusively market for sale a former 7-Eleven Owner/User opportunity located in Burien, WA (Seattle MSA). The property is a high-visibility, signalized hard corner at 1st Ave S & S 136th St (22,000+ VPD), with multiple points of ingress/egress and strong access to both Hwy 509 (62,700+ VPD) and Hwy 518 (65,000+ VPD). The property features a 4,250 SF freestanding retail building currently master leased to 7-Eleven, comprised of a vacant 2,500 SF former c-store and a 1,750 SF Thai restaurant. Upon termination of the 7-Eleven master lease prior to closing, the property will be delivered vacant, providing a new owner with full control to operate the former c-store while leasing the adjacent suite. The property generates approximately $5,000 per month from Thai-U-Up Thai Restaurant, which operates under a sublease with 7-Eleven. Upon lease termination, a new owner can establish a direct lease and retain this income stream to help offset occupancy costs. In addition, the property benefits from a long-term billboard lease in place since 1999, currently paying $3,000 annually plus percentage rent, offering a clear value-add opportunity through renegotiation at market rates. Located within the SeaTac/Burien retail submarket (~1.3% vacancy), the property benefits from limited supply and strong demand for service- and convenience-oriented uses. The surrounding area includes a dense population of approximately 243,000 residents within a 5-mile radius (average household income $121K+), along with close proximity to Kennedy Catholic High School (850+ students) and a top-performing Fred Meyer (top 2% nationally; 1.8M+ annual visits). The property is also zoned MU-2 (Mixed-Use High), allowing for a wide range of uses and building heights up to 85 feet, providing long-term redevelopment flexibility. Additionally, Washington State has no income tax.