201 Cascade Mall Dr - Retail FOR SALE
Burlington, WA 98233 |
201 Cascade Mall Dr
Burlington, WA 98233
HIGHLIGHTS
- Planet Fitness & Dollar Tree anchored providing credit, stability, and draw to the Center
- The Center has a compound annual growth rate of 4.5% over the initial 11-year hold
- 72% of the Center income stream comes from nationally recognized tenants
- The current vacancy of 9,159 SF provides the opportunity to increase income upon stabilization
- Red Robin is a free-standing pad building on a separate parcel providing the opportunity to sell the pad individually at approximately 200 basis poi
- The pricing of $201/SF is well below replacement cost providing a comfortable basis for the investor
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Cross Court Plaza
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
70260
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
464
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
P23720
