Freestanding For Sale • 4,039 SF
Kura Sushi USA, Inc. signed a new 15-year lease with zero landlord obligations |
The lease is corporately guaranteed by Kura Sushi USA, Inc. |
The opportunity to acquire a free-standing retail pad in the Alderwood trade area is extremely rare. |
Kura Sushi is making a large capital investment to fully renovate the building |
Kura Sushi's lease contains 10% increases every 5 years increasing the initial cap rate by approximately 50 basis points every 5 years |
Although not a part of the offering, H-Mart is strong and high-performing and provides significant draw and stability to the property |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Edmonds Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 16 min | - | 6.3 mi |
Mukilteo Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 19 min | - | 9.8 mi |
Airport | Drive | Walk | Distance |
Seattle Paine Field International | 13 min | - | 6.9 mi |
Seattle-Tacoma International | 45 min | - | 31.1 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 17 |
Type: | Surface |
Included in Rent: | Yes |