221 Central Avenue, Kent, WA 98032

Active

221 Central Avenue, Kent, WA 98032


Courtesy of: Michael Piccolo | COMPASS
$1,499,000 Kent, WA 98032
  • 0.31 Acres
  • King County

Key Features

  • MLS ID: 2199397
  • Year Build: 2011
  • Status: Active
  • Property Type: Commercial Sale
  • Area: 330 - Kent
  • Exterior: ["Wood"]
  • Address: 221 Central Avenue , Kent, WA 98032
  • City: Kent
  • State: WA
  • Zip: 98032
  • County: King

Description

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

Property Map

Corner of central ave and smith street

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