5655 3rd Ave - Retail FOR SALE


Ferndale, WA 98248
$3,258,000 USD
831-464-5039
5655 3rd Ave, Ferndale, WA for Sale
$3,258,000 USD
Retail - FOR SALE
1/13
null | 6.75% Cap Rate

5655 3rd Ave
Ferndale, WA 98248


OVERVIEW

Recently converted and updated CVS located in downtown Ferndale. 6.75% cap with a NNN lease. Lease runs through 2/2032 with tenant holding Six 5 year options to renew. 17,278 sf free standing building on a 1 acre parcel with a drive thru pharmacy.

FOR SALE DETAILS

PRICE

$3,258,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CB

APN/PARCEL ID

390229-057506-0000

ASK ABOUT THIS PROPERTY

Erik BarbicSherman & Boone CommercialMore Info
831-464-5039

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Erik BarbicSherman & Boone CommercialMore Info
831-464-5039

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