| Current rents average $13.83 psf - far below the market rate with nearby rent comparables averaging $18 NNN for similar retail space |
| Value-add opportunity for future owner to raise rents and transition leases to NNN reimbursement structure |
| Potential $51k+ increase to NOI by converting 2026 tenant renewals to NNN lease structure |
| 7-Eleven is ranked as the #4 location in Washington State, per Placer.ai and located on separate parcel creating optionality for future ownership |
| Priced well below replacement cost at $176 psf and located on 2.46 acres of land located at a signalized hard corner |
| Pride of ownership with substantial recent capital improvements completed which include several new roofs, seal coat & stripe parking lot |
David Gellner
Kidder Mathews
