19610 7th Avenue NE
Poulsbo WA 98370
Aceituno's Mexican Food
19610 7th Avenue NE Poulsbo WA 98370
Listing #: 680831 | Status: Available | Last Modified: 8/13/2024 |
For Sale
- Phone:(206) 826-5787
- Email:brownretailgroup@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,785,000.0
- $/SF$ 830.2
- Listing StatusAvailable
- Days on Market148
- Asset ClassRetail
- Terms
- Investment Type
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF2150
- Net Rentable Area2150
- Total Office SF
- Largest Contiguous SF
- Lot SF16117
- Acres0.37
- Property TypeRetail
- Office Type
- Building Class
- CountyKitsap
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaPoulsbo
- Tax ID #142601-3-074-2004
- Additional Parcels2023042
- ZoningC-3
- Year Built1988
- Year Renovated2021
- Completion Date
- Roof Type
- Construction TypeWood
Aceituno's Mexican Food
We have been exclusively selected to market for sale Aceituno's Mexican Food, a newly remodeled Absolute NNN QSR investment located in Poulsbo, WA. In 2022, the Property was completely renovated with a total project cost in excess of $650,000 including a new roof, HVAC, façade, landscaping and interior renovations. The Absolute NNN Lease features rare 2% annual rent increases during the 10-year term, and 2% rent increases in all options, providing an investor with a hedge against inflation and no landlord management or repair responsibilities. The lease is guaranteed by Aceituno's corporate and backed by all 13 locations with a 14th to open soon, as well as a personal guarantee from the owner/founder. The Property is centrally located between the historic downtown Poulsbo and the main free
Drive-Thru, Grocery Anchor, Pad(s), Restaurant, Stand-Alone, Bank