The offering consists of a 7,000-square foot Discount Tire store on a a ground lease located in Bonney Lake, Washington. Discount Tire signed a 20-year NNN ground lease which commenced in 2009. The lease calls for seven and a half percent rent increases every five years throughout the initial term and option periods. Discount Tire is the world' s largest tire and wheel retailer today with over 900 locations and roughly $3.9 Billion in annual revenue. Located at the corner of South Prairie Road and State Route 410, the property is positioned as an outparcel to Lowe' s Home Improvement in the area' s main retail hub. The propery features exposure to more than 44,500 vehicles per day along the State Route and over 15,300 vehicles per day along South Prairie Road. National retailers surrounding the property include Walmart Supercenter, Target, Marshalls, Petco, Home Depot, Safeway, Fred Meyer and many more. This high income area boasts an average household income of over $90,754 within a three mile radius. The population has also see substantial growth of nealry 30% since 2000.