11656 68th Ave S
Seattle, WA 98178
Grocery Outlet · Local commercial Bien À vendre

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a single-tenant Grocery Outlet property located at 11656 68th Avenue South in Seattle, Washington. The Property consists of a 23,494-square-foot grocery building situated on 4.51 fee-simple acres. Grocery Outlet, Inc. is operating under a NNN lease structure with 9 years 9 months of remaining primary term through March 31, 2036, providing investors with durable grocery-anchored income supported by more than 17 years of historical occupancy at the site. The lease generates current annual base rent of $227,422, or $9.68 per square foot, with a scheduled 10% rent increase in April 2028 and two five-year renewal options, each featuring 15% rent increases.