9200 35th Avenue SW, Seattle, WA 98126
- $1,400,000
Listing courtesy of Kidder Mathews. Selling Office: Windermere Real Estate Midtown.
- Sold Price
- $1,400,000
- List Price
- $1,289,000
- Status
- SOLD
- MLS#
- 2537697
- Closing Date
- Jul 20, 2026
- Days on Market
- 5
Property Description
Prime commercial real estate secured by a corporate-guaranteed 7-Eleven lease with 9.5 years of remaining firm term. Located at a high-visibility, high-traffic intersection at 9200 35th Ave SW, this hands-off NNN asset offers immediate, stable cash flow at an attractive 5.6% CAP rate. This property has been meticulously qualified for a smooth transaction: a No Further Action (NFA) letter is in hand from the Department of Ecology, the underground storage tanks are double-walled fiberglass, and the tenant has officially declined their Right of First Offer (ROFO). Perfect for 1031 exchange buyers seeking a passive, low-risk corporate tenant in a robust, high-demand Seattle submarket.
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Additional Information
- Community
- Fauntleroy
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1964
- Roof
- Flat
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Driving Directions
- From West Seattle Bridge head south on 35th. Property is on the left.
- Net Operating Income
- $72,673
- Cap Rate
- 5.6
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