221 Central Avenue , Kent, WA 98032

WA, Kent
$1,499,000
  • 0.31 Acre
  • Commercial Sale Property Type
  • 2011 Year Built
  • Expired Status
Property Description

Don’t miss out on this incredible investment property with a nationally recognized credit tenant – Jack in the Box. Located on a heavily traveled arterial in downtown Kent, this prime corner lot is in close proximity to the mall, ShoWare Center, City Hall, and Transit Center. The building, completely re-built in 2011, showcases Jack in the Box’s new restaurant model with outdoor service counters, a small patio area, drive-through lane, and ample parking. With over 50 years of history at this location, Jack in the Box has signed a long-term lease running through 2026, with two five-year extensions and 10% annual escalators at each option renewal. The lease is NNN, providing a hassle-free investment experience. Featuring at a 5.03% Cap rate

Source: NWMLS
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 2199397
  • Price: $1,499,000
  • Year Built: 2011
  • Lot Area: 0.31 Acre
  • Status: Expired
  • Office Name: COMPASS
  • Agent Name: Michael Piccolo
  • Property Sub Type: Commercial Industrial
  • Roof: Flat
Features
  • Heating System Forced Air
  • Cooling System Central A/C
  • Exterior Features Wood
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Kent
  • Zipcode 98032
  • Street: Central
  • Street Number: 221
  • Street Suffix: Avenue
  • Longitude: W123° 46' 6.7''
  • Latitude: N47° 22' 58.9''
  • Directions: Corner of central ave and smith street
  • Mls Area Major: 330 - Kent
Additional Information
  • Lot Size Dimensions: 120' x 118'
  • Water Source: Public
  • Possible Use: Commercial,Retail
  • On Market Date: 2024-02-13
  • Number Of Units Total: 1
Financial
  • Tax Annual Amount: 8967
Listing Information
  • List Agent Mls Id: 118302
  • List Office Mls Id: 4704
  • Listing Term: Cash Out,Owner Financing
  • Mls Status: Expired
  • Modification Timestamp: 2024-08-25T07:19:09Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-08-25T07:15:57Z
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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