4115 SW Admiral Way Local commercial 39 m² 100 % Loué À vendre Seattle, WA 98116 3 451 480 € (88 455,76 €/m²)

This Safeway-branded gas station presents a rare opportunity to acquire a single-tenant, absolute net ground lease investment in the highly desirable West Seattle submarket. The property is leased to Safeway Inc., a nationally recognized grocer, under a ground lease structure that requires minimal landlord responsibilities, providing a stable and predictable income stream. The current lease runs through November 30, 2030, offering investors secure cash flow with no renewal options, creating potential for future redevelopment or repositioning upon lease expiration.

Situated along SW Admiral Way, the property benefits from strong visibility and consistent traffic counts in a dense residential and retail corridor. The surrounding area features a vibrant mix of local businesses, national retailers, and popular destinations such as Alki Beach, the Admiral District, and The Junction. West Seattle’s proximity to Downtown Seattle, combined with its affluent demographics and limited commercial land availability, enhances the long-term value of this asset.

With an NFA environmental certificate in place and zoning of NC2P-55 (M), this property offers both immediate income stability and future upside potential. Investors seeking a low-maintenance, credit-tenant investment in a thriving urban neighborhood will find this offering highly compelling.