Mount Vernon Center
Mount Vernon, WA

$14,500,000 USD

General Retail For Sale • 99,805 SF

3 Properties View all

Property Details

Property Type General Retail

0 Transit Score

50 Walk Score

                
                    Highlights
                
                                Grocery Outlet & Ross Dress for Less occupy 41% of GLA.
                            
                                98% occupied neighborhood retail center with 34% of tenants occupying the center for 14+ years.
                            
                                Anchor lease expirations separated by approximately five years provide future ownership with a manageable renewal schedule.
                            
                                Positioned within a dominant retail corridor just off Interstate 5, surrounded by national retailers.
                            
                                Meaningful mark-to-market opportunity as leases roll, providing a clear path to NOI growth while anchor tenancy remains stable.
                            
                                Offered at $145/SF well below replacement cost.