THE VARA GROUP at Marcus & Millichap is pleased to present The Junction, a premier neighborhood center in Woodinville, WA. The property is 93% leased to various
uses, such as fast food, auto care, and tasting rooms. All in-place leases mitigate expense growth through an NNN expense reimbursement structure and feature
annual rental increases as a hedge against inflation. The building was built in 2010, and its versatility lends itself to a wide range of uses, allowing the asset to remain
near 100% occupancy since it was built.
The Property is strategically positioned at a signalized intersection with over 600 feet of combined frontage and exposure to more than 25,000 vehicles daily. Two access points along 144th Avenue NE ensure seamless entry to the 84 parking stalls on-site. Woodinville’s growing reputation as a premier winery and retail destination has driven significant economic and population growth accompanied by recent and upcoming residential and multi-family developments.