Exclusively For Sale:

Classic Collission - Lease Through 2031
13036 Lake City Way NE
Seattle, WA 98125

PARK YOUR MONEY HERE. LET IT GROW.

AVAILABLE NOW FOR LEASE - CALL FOR RATES

Located along Seattle’s high-visibility Lake City Way NE corridor, this investment offers an attractive combination of stable in-place income through 2031 and a long-term appreciation upside.

Leased to Classic Collision, a proven operator, through 2031 with (3) 5-year extensions, providing durable tenancy and long-term income security. Site features a well-established layout including a 4,350 SF main shop, 3,500 SF paint building, a 736 SF office, and an additional 525 SF shop, supporting long-term tenant operations.

Base rent starts at $162,000 with 3% annual escalations creating a built-in growth profile that drives the cap rate from 5.01% to approx 5.81% by 2031 and continues to compound from there.

Positioned on a major arterial, strong traffic counts and connectivity to I-5, Northgate, the University District, and Downtown Seattle, the property benefits from the commercial corridor, dense surrounding residential neighborhoods, and continued infill development throughout North Seattle.

Zoned NC3-55 (M), the site allows for mixed-use redevelopment up to 55’ height restrictions, providing future flexibility and land value upside.

Offered at $3.25M (5.01% cap), this is an ideal opportunity for an investor seeking long term, growing cash flow in a supply-constrained Seattle market.

If predictability is what you seek, park your capital here and let it grow.

CAP RATE: 5.01% growing to 5.81%

INITIAL LEASE TERM: Thru September 30, 2031

ESCALATIONS: 3% Annual Escalations

OPTIONS: (3) 5-year Escalations

GBA: 8,586 SF ±

LOT SIZE: 0.53 AC ±

ZONING: NC3-55 (M) - Neighborhood Commercial/Mixed Use

JURISDICTION: City of Seattle

FRONTAGE: Approx 101’ on Lake City Way NE