1102 28th Avenue Ct Milton, WA 98354
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 TypeCommercial
- NeighborhoodSurprise Lake
- CountyPierce
- Taxes$802
- HOA/Condo/Coop Fees$0
- Days on Site104 Days
- MLS StatusActive
- MLS ID Number2192087
- Home Size Source N/A
- Year Built2023
- Lot Size0.2666 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Building Features Disabled Access
- Parking Spaces 6
- Acreage 0.2666
- Water Public
- Sewer Sewer Connected
- Parking Total 6
Interior Features
- Cooling Heat Pump
- Heating Heat Pump
- Flooring Concrete
- Interior Concrete
- Fireplace No
Exterior Features
- Roof Metal
- Exterior Cement/ ConcreteStoneCement/Concrete
Community Features
- Association Dues 0
- Senior Community No
- MLS Area 71 - Milton
- Building Features Disabled Access