The Learning Experience | 2025 Construction & 20-Year… — Sale in Graham (Seattle/Tacoma), WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Graham (Seattle/Tacoma), WA 98338

Photos

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Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale The Learning Experience located in Graham, Washington, a fast-growing and affluent suburb of the Seattle-Tacoma-Bellevue, Washington MSA. The Property features a brand-new, 20-year passive lease that commenced in September of 2025 and offers 11 percent rental escalators every five years throughout the base term and renewal option periods. The tenant is responsible for common area maintenance, property taxes, & insurance costs. Graham is home to approximately 40,000 residents and has experienced steady population growth driven by its relatively affordable housing, strong commuter access to Tacoma and the greater Seattle metro area, and desirable semi-rural lifestyle. The area is characterized by a mix of suburban neighborhoods, acreage homes, and agricultural land, with retail development concentrated along Meridian Avenue (WA SR-161). The offering is the perfect investment opportunity for any passive investor looking for quality real estate leased by a long-term national tenant in a fast-growing and affluent submarket with very limited real estate transaction velocity and in a state with no income taxes. Investment Highlights: • Tax Free State-No Traditional Individual or Corporate State Income Tax • 20 Year Base Lease Term with Two, Five-Year Options to Renew • 11 Percent Rental Increases Every Five Years and Each Renewal Option • Minimal Landlord Responsibilities (Roof and Structure – Long-Term Roof Warranty in Place) • Fast-Growing Suburb with Over 15 Percent Three-Mile Population Growth Since 2002 and One-Mile Annual Household Income of Approximately $135,000

Market Context

This retail in Graham (Seattle/Tacoma), WA is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Graham (Seattle/Tacoma), WA — view the full market.

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