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Exceptional high visibility investment property in rapidly developing Milton location. Striking new construction drive through coffee stand offers fabulous curb appeal & long-term lease to popular Gravity Coffee tenant. Guaranteed 5-year lease generates excellent cash flow for future owner with base rent of $8,500/mo + NNN expenses. Tenant pays all utilities directly with option to exercise 4 additional lease extension periods of 5 years each. Lease extensions feature automatic base rent increases of 12.5% per extension. Desirable 11,613 SF level corner lot provides excellent traffic counts & 6 dedicated parking spaces. Incredible opportunity to own a brand new turnkey investment property with steady rental income in a fabulous location.PROPERTY FEATURES
PROPERTY DETAILS
Street Address: 1102 28th Avenue Ct
City: Milton
State: Washington
Postal Code: 98354
County: Pierce
MLS Number: 2192087
Year Built: 2023
Courtesy of Windermere R.E. Northeast, Inc
City: Milton
State: Washington
Postal Code: 98354
County: Pierce
MLS Number: 2192087
Year Built: 2023
Courtesy of Windermere R.E. Northeast, Inc
Courtesy of CENTURY 21 Real Estate Center