221 Central Avenue in Kent
| Listing ID: | 2199397 (Commercial) |
|---|---|
| Listing Price: | $1,540,000 |
| Days on Market: | 79 |
Details | |
| Lot Size: | 0.31 acre (13,323 sqft) |
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
This listing is provided courtesy of NWMLS, contributed by COMPASS.
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