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303 91st Ave NE
Lake Stevens, WA 98258

Price Upon Request

General Retail For Sale  •  107,605 SF

Property Details

  • Property Type General Retail
  • Total Building Size 107,605 SF
  • Lot Size 8.33 AC
  • Building Class B
  • Year Built 1993
  • Tenancy Multiple
  • Zoning CD
30 Transit Score
50 Walk Score

Highlights

The 6.75% as-is cap rate moves to 8% stabilized return-on-cost upon lease-up of the current vacancy
The Center is anchored by Rite Aid, Ace Hardware, and Dollar Tree, providing credit, stability and draw to the Center
All 3 anchor tenants have executed recent lease renewals
73% of the income stream comes from nationally recognized tenants
Although not a part of the offering, Grocery Outlet adds the grocery component and daily goods draw to the Center
The three free-standing pads provide a potential break-up strategy increasing returns to the investor

Amenities

  • Restaurant
  • Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Everett Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 11 min - 5.6 mi
AirportDriveWalkDistance
Seattle Paine Field International 22 min - 13.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 522
Type: Surface
Included in Rent: Yes