Listed by Kevin G. Verger of Kidder Mathews
* CALL FOR OFFERS - 08/27/26 * Pleased to present the opportunity to acquire an absolute NNN, corporate-leased investment located in the highly desirable Queen Anne neighborhood of Seattle, Washington. The 5,960 SQFT property is leased to Columbia Bank operating more than 350 branches nationwide. The tenant has occupied the property since 2010 and recently exercised a 5-year lease extension, reinforcing its long-term commitment to this established branch location. The lease structure provides investors with truly passive ownership through zero landlord responsibilities while benefiting from 2.5% annual rent escalations, creating consistent, inflation protected income growth. Beyond its stable cash flow, the investment offers a compelling long-term land value component. Situated on a prominent hard corner in Seattle's Queen Anne neighborhood, the property is located within an urban village and is zoned NC2P-55 (M), providing future ownership with a clear path toward higher-density redevelopment of approximately five to six stories. Offered at an attractive basis relative to the underlying land value, the asset presents investors with the rare combination of dependable in-place income and meaningful future redevelopment potential. Combined with Queen Anne's affluent demographics, limited land availability, and proximity to downtown Seattle, South Lake Union, and Seattle's major employment centers.

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Listing data courtesy of NWMLS as provided by MLS Grid as of August 12, 2026 7:31 AM UTC . All data is obtained from various sources and has not been, and will not be, verified by broker or NWMLS. All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. Supplied Open House Information is subject to change without notice. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Listing data shown with the three tree icon are provided courtesy of NWMLS. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.  The data is deemed reliable but is not guaranteed.

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