For Sale
$1,750,000

716 Alabama StBellingham, WA 98225

High-Yield Triple Net Leased Property

Overview

Added:
Feb 3
Days on market:
63
This exceptional investment opportunity presents a rare chance to acquire a fully renovated, single-tenant, triple-net leased commercial property in Bellingham, Washington. Located at 716 Alabama Street, this 0.46-acre site boasts a prime corner location at the busy intersection of Alabama and James Streets, directly across from Trader Joes. The property, formerly Lee's Drive-In, has undergone a complete transformation into "The Filling Station," a thriving restaurant operated by an experienced tenant with a proven track record, including multiple other successful restaurant locations. The current lease is a long-term agreement, ensuring consistent rental income. Adding to the investment's appeal is a separate, long-term lease with a cell tower situated on the property, generating additional revenue streams. This established business, operating successfully for over 50 years, offers a compelling combination of strong tenant occupancy, a desirable location, and multiple income sources. The asking price for this exceptional investment property is $1,750,000. This is a truly unique opportunity to acquire a stable, high-yield commercial property in a thriving Bellingham market. The property's history, location, and current tenant's success make this a highly desirable investment.

Property Details for 716 Alabama St

Property type
Year Built
1975
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Bellingham
County
Whatcom
State
Washington
Latitude
48.76277
Longitude
-122.4652
716 Alabama St, Bellingham, Washington

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716 Alabama St
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