Available For Sale - Retail

235,853 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
235,853 SF
Price/SF
Show Pricing $
Listing ID
SA396201
Notes
We are pleased to offer for sale a grocery anchored shopping center currently 98% Kaiser Permanente, PetSmart, Ocean Five, (an entertainment venue guaranteed by former COO of Starbucks), Auto Zone, and three banks, two national and one local

Fred Meyer moved to this space in 2018 after outgrowing their previous location in Gig Harbor and moved from 43,000 SF to 64,000 SF plus a 14 gas aisle facility.

The current ownership took 11 years to entitle and another 3 years to construct and lease. There are no remaining sites that could be developed within many miles

The center benefits from a staggered lease expiration schedule with strong tenant renewal and option execution history. 63% of the center are credit tenants and make up 55% of gross revenues.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Arielle Dorman, Kidder Mathews