232 Valley Center Pl - Warehouse FOR SALE


Sequim, WA 98382
$1,400,000 USD
206-747-4338
232 Valley Center Pl, Sequim, WA for Sale
$1,400,000 USD
Warehouse - FOR SALE
1/6
null | 6.5% Cap Rate

232 Valley Center Pl
Sequim, WA 98382


HIGHLIGHTS

  • 8+ years remaining on original 10 year NNN lease
  • Current ownership and tenant has invested $500,000 into capital improvements to the building
  • Ace Hardware is a nationally recognized, essential-use retailer with consistent performance through economic cycles
  • Backed by an experienced regional ownership group (Broadway Hardware Group) with 9 locations in Washington and Oregon
  • Sequim serves as a primary retail and service center for the surrounding Olympic Peninsula, with barriers to entry limiting big-box competition
  • Positioned near U.S. Route 101, the area’s main arterial connecting Sequim to Port Angeles and the broader peninsula

OVERVIEW

Kidder Mathews is please to present the opportunity to acquire the Ace Hardware in Sequim, WA a NNN investment opportunity featuring 10-year NNN lease with over 8 years of term remaining, delivering stable long-term cash flow with minimal landlord responsibilities. The property has benefited from approximately $500,000 in recent capital improvements by current ownership and the tenant to support Ace Hardware's occupancy. A new roof is currently being installed.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ace Hardware

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92

LAND SF

40,075

ZONING

CGC

APN/PARCEL ID

40625

ASK ABOUT THIS PROPERTY

David GellnerKidder MathewsMore Info
206-747-4338

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David GellnerKidder MathewsMore Info
206-747-4338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.