Seattle Area Auto Dealership
16042 1st Avenue South, Burien, WA 98148
Price $11,000,000
Cap rate 5.62%
Building size 23,850 SF
Investment summary
Burien Nissan is a 23,850 SF full-service automobile dealership located on 2.99 acres at 16042 1st Avenue South in Burien. The three-parcel assemblage totals 130,049 SF and occupies the corner of 1st Avenue South and Ambaum Boulevard South. The site is improved with two buildings and is fully occupied by Burien Nissan under a NNN lease with no landlord responsibilities. The main dealership building was completed in 2006, and a 900 SF photobooth building was added in 2018. The 23,850 SF of rentable area includes approximately 8,737 SF of showroom/parts space, 8,628 SF of service area, 4,435 SF of mezzanine office space, a 1,150 SF parts mezzanine, and the 900 SF photobooth building. The service department features 15 service bays. The property offers approximately 550 feet of frontage along 1st Avenue South and approximately 665 feet along Ambaum Boulevard South, with access from both streets and strong visibility at a signalized corner intersection. The asset is centrally located in Burien near Five Corners Shopping Center and Downtown Burien, with direct connectivity to Washington State Route 518, Interstate 5, Washington State Route 509, King County Metro, and nearby light rail stations.
Investment highlights
Corner location on signalized intersection at 1st Avenue South and Ambaum Boulevard South in Burien
±2.99-acre site across three parcels totaling ±130,049 SF
Fully occupied by Burien Nissan on a NNN lease with no landlord responsibilities
23,850 SF full-service dealership with 15 service bays
206.898.9191
erik.swanson@kidder.com
206.926.9292
mike.king@kidder.com
Contact
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