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1430 Cornwall Ave
Bellingham, WA 98225 Downtown Bellingham

$1,215,000 USD

Auto Repair For Sale  •  3,840 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 3,840 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning CC
70 Transit Score
80 Walk Score

Highlights

#1 Jiffy Lube in Bellingham and Top 16% Nationally (Placer.AI)
6+ Year Lease | New 10-Year Extension in 2022
Absolute Net Lease
Largest Jiffy Lube Franchisee (500+ Locations)
Rare 3% Annual Rent Increases
Low Rent Location ($16.93/SF + NNN)

Property Flyers

Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Jiffy Lube 3,840 SF 9/30/2032

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.2 mi
AirportDriveWalkDistance
Bellingham International 11 min - 4.7 mi
Abbotsford International 49 min - 26.9 mi
Luke Pallis 206-550-9500 Marcus & Millichap
Luke Pallis 206-550-9500 Marcus & Millichap