Corporate-Leased, Single-Tenant NNN Crash Champions, with over 7 years of firm term remaining on the lease. The investment provides 2% annual rent escalations with 3 additional 5-year options, providing an excellent investment vehicle with a built in hedge against inflations. The property benefits from excellent visibility along I-5, and sits adjacent to one of Bellingham's main retail corridors, surrounded by prominent national retailers such as Costco and Fred Meyer. The property's NNN lease structure, coupled with its premium location and tenant stability in a recession-resistant industry, provides investors with reliable, passive income and minimal management responsibilities.
|
DAYS ON MARKET
|
23
|
LAST UPDATED
|
12/3/2024
|
|
TRACT
|
Bellingham
|
YEAR BUILT
|
1999
|
|
COMMUNITY
|
Bellingham
|
COUNTY
|
Whatcom
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
| AREA |
860 - Bellingham |
| HEAT |
None |
| LOT |
1.87 acre(s) |
| STYLE |
71 - Light Indrl. |
| SUBDIVISION |
Bellingham |
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