1102 28th Avenue Ct , Milton, WA 98354

WA, Milton
$1,750,000
  • 0.27 Acre
  • Commercial Sale Property Type
  • 2023 Year Built
  • Canceled Status
Property Description

Exceptional high visibility investment property in rapidly developing Milton location. Striking new construction drive through coffee stand offers fabulous curb appeal & long-term lease to popular Gravity Coffee tenant. Guaranteed 5-year lease generates excellent cash flow for future owner with base rent of $8,500/mo + NNN expenses. Tenant pays all utilities directly with option to exercise 4 additional lease extension periods of 5 years each. Lease extensions feature automatic base rent increases of 12.5% per extension. Desirable 11,613 SF level corner lot provides excellent traffic counts & 6 dedicated parking spaces. Incredible opportunity to own a brand new turnkey investment property with steady rental income in a fabulous location.

Source: NWMLS
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 2192087
  • Price: $1,750,000
  • Year Built: 2023
  • Lot Area: 0.27 Acre
  • Status: Canceled
  • Office Name: Windermere R.E. Northeast, Inc
  • Agent Name: Nicholas Loveless
  • Property Sub Type: Commercial Industrial
  • Roof: Metal
Features
  • Heating System Heat Pump
  • Cooling System Heat Pump
  • Exterior Features Stone, Cement/Concrete
  • Flooring Concrete
  • Interior Features Concrete
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Pierce
  • City Milton
  • Zipcode 98354
  • Street: 28th
  • Street Number: 1102
  • Street Suffix: Avenue Ct
  • Longitude: W123° 42' 9.5''
  • Latitude: N47° 14' 59.4''
  • Directions: GPS Compliant. Please map address 1102 28th Avenue Ct, Milton, WA 98354.
  • Mls Area Major: 71 - Milton
Additional Information
  • Lot Size Dimensions: See Map
  • Water Source: Public
  • Possible Use: Commercial
  • On Market Date: 2024-01-18
  • Number Of Units Total: 1
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 802
Listing Information
  • List Agent Mls Id: 85827
  • List Office Mls Id: 5582
  • Listing Term: Cash Out,Conventional
  • Mls Status: Cancelled
  • Modification Timestamp: 2024-08-26T16:14:09Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-08-26T16:12:03Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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