457 SW 152nd Street - Burien, WA
457 SW 152nd St, Burien, WA 98166
Rentable Bldg Area: 12,116 SF
Land Area: 14,810 SF
Pro Forma Cap Rate: 7.29%
Investment Highlights
PASSIVE LEASE STRUCTURE
The triple-net lease expense structure protects from the inflationary effects on expenses.ANNUAL RENT INCREASES
The current leases feature annual rental increases of 3% as an
additional hedge against inflation.LOW VACANCY SUBMARKET
The vacancy rate for retail assets in the Burien submarket remains below 3%. A strong indicator of the immense demand for similar spaces.SURROUNDING NEW DEVELOPMENTS
Kinect at Burien is the most r ecent of nearly 1,000 recently developed units within 2 blocks of this location. Representing a huge boost in population and foot traffic.HIGH VISIBILITY AND ACCESS
The central core downtown location is easily accessible from SR 509 and SR 518 with an aggregate 118,000 VPD.Investment Overview
The Vara Group of Marcus & Millichap is pleased to present the
sale offering of a strategically positioned mixed use property
located at 457 SW 152nd St in Burien. This well maintained,
12,810 SF retail/office combines excellent street frontage with
a buregoining downtown core. Ideally situated in the heart of
Burien’s bustling retail district, this property benefits from the
increased foot traffic generated by the recently constructed
residential units nearby. 457 Burien is the perfect opportunity for
the savvy investor to capitalize on the increased population growth, consumer spending, and rising rents of this thriving submarket.