
Description
Pick up a turnkey commercial property just off of I-5 Exit 225 (Anderson Rd) in Mount Vernon! Occupied by two established I-502 businesses, with two triple net 5-year commercial leases both within their first year. Current rents $13,450/mo ($161,400/year) with 5% annual rent increases built in, plus option for additional 3-year term. Current cap rate ~5.5%.
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0.46ACRES
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01/2 BATHS
School Ratings & Info

Description
Pick up a turnkey commercial property just off of I-5 Exit 225 (Anderson Rd) in Mount Vernon! Occupied by two established I-502 businesses, with two triple net 5-year commercial leases both within their first year. Current rents $13,450/mo ($161,400/year) with 5% annual rent increases built in, plus option for additional 3-year term. Current cap rate ~5.5%.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-25T07:17:41.473.