Overview
We are pleased to present a premier investment opportunity in the greater Puget Sound region, featuring a newly developed, free-standing single tenant property that offers both rarity and high credit quality. This asset, leased to Amazon, one of the strongest companies in the world, for the initial lease term with ‘A+’ credit, stands out as an attractive investment due to its numerous advantageous features.
This unique investment opportunity marries the stability of a long-term lease with a premier tenant and the compelling growth prospects of its strategic location. Offering low maintenance, flexibility, and strong growth potential, it stands as a prime acquisition for investors looking for high-quality, secure, and growth- oriented real estate assets.
Investment Highlights
FREE-STANDING SINGLE TENANT OFFERING
An exceptional chance to invest in a high-credit, new, single tenant asset in a highly sought-after location.
BRAND NEW DEVELOPMENT
The property prides itself on first-class building quality and interior build-out, providing low maintenance costs, a 20-year roof warranty, and stellar curb appeal.
NEW LONG-TERM LEASE
With a lease expiration date set for 9/30/2033, investors are guaranteed over 9 years of stable rental income.
AMAZON
Amazon is the largest E-Commerce company in the world with over 1.5M employees and $575B in net sales revenue in 2023.
SUPERIOR LOCATION
Positioned on Meridian Ave, with traffic counts in excess of 50,000, and directly opposite the Target anchored Sunrise Village Shopping Center, the Offering will benefit from continuous consumer and tenant.
CONTRACTED RENTAL INCREASES
Built into the lease are 10% rental increases every 5 years, enhancing the initial cap rate by 50 basis points in 2028.
LONG-TERM FLEXIBILITY
Though presently a single tenant building, it is designed to accommodate up to three tenants if needed, providing future strategic leasing opportunities.
HIGH-GROWTH TRADE AREA
Positioned on Meridian Ave, with traffic counts in excess of 50,000, and directly opposite the Target anchored Sunrise Village Shopping Center, the Offering will benefit from continuous consumer and tenant.
Photo Gallery
Sales Team
