Retail Space /WA /King County /Normandy Park /19900 1st Ave S
Retail Space /WA /King County /Normandy Park /19900 1st Ave S

19900 1st Ave S - Freestanding FOR SALE


Normandy Park, WA 98148 | 
$8,758,892 USD
206-518-9567
19900 1st Ave S, Normandy Park, WA for Sale
$8,758,892 USD
Freestanding - FOR SALE
1/9
null | 6.5% Cap Rate
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19900 1st Ave S
Normandy Park, WA 98148

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HIGHLIGHTS

  • Grocer Anchored
  • 100% Leased
  • New 10-Year Grocery Outlet Lease
  • Contracted Rental Increases
  • Captive neighborhood trade area
  • Attractive, high-quality construction

OVERVIEW

Grocery Outlet Anchored 100% Leased Contracted Rental Increases Captive neighborhood trade area Attractive, high-quality construction Extremely high-income trade area with average household incomes in excess of $170,000 within 1-mile of the property Barriers to entry with minimal competition

FOR SALE DETAILS

PRICE

$8,758,892 USD

PRICE/SF

$292 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Normandy Park Towne Center - Building #5

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.49 AC

LAND SF

108,421 SF

ZONING

NC

APN/PARCEL ID

611540-0140

ASK ABOUT THIS PROPERTY

Billy SleethNewmarkMore Info
206-518-9567

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Billy SleethNewmarkMore Info
206-518-9567

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