Broker of Record Ken Reinschmidt License No. 73743 (WA) Saratoga Commercial Management, Inc. 228 E. Champion Street, Suite 102 Bellingham, WA 98227 360-676-4866
Clean Phase I in Hand – Seller has a clean Phase I Environmental Report for this property in hand.
Rent Increases – there are 10% rent increases every 5 years to help hedge against inflation
No maintenance investment – Absolute NNN lease
New Long-Term Lease – The tenant just recommitted to the site by renewing their lease early for a total of 11-years
Ideal property to for investors looking to fulfill a 1031 exchange
Washington is an Income tax-free state
Attractive Potential Tax Benefits – Auto service-based assets may be eligible for an accelerated depreciation schedule
**Consult your tax or accounting professional to see how this will apply to you.
Arlington is a bedroom-suburb just a short drive down the I-5 from both Everett & Seattle – one of the nations most rapidly expanding, and most in-demand markets
Affluent Demographic– Average Incomes exceed $85,000 in the 3 & 5-Mile Radius
Strategic Position – Located on Smokey Point Blvd, which is the main road through Arlington running parallel to the I-5
Convenient Access to Hwy – This location is only 1/2 mile from the main entrance and exit to I-5, which sees in excess of 75,000 VPD
Dominant Retail Area – Every major retail tenant is positioned within 1-mi. of this property, including: Walmart Super Center, Costco, Target, Home Depot, Lowe’s, Best Buy, DICK’S, Hobby Lobby, Safeway, Walgreen’s, Bank of America, Panda Express, Starbucks, McDonald’s, Etc.
Jiffy Lube is the largest and most well-known fast-lube company in North America with over 2,200 locations.
Operated by Team Car Care, LLC – the largest franchisee in the Jiffy Lube system with over 535 locations across the US
One of the few retail tenants that offers both an e-commerce and recession proof investment