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Normandy Park Towne Center - Building #3 19865 1st Ave S 4,370 SF 100% Leased Retail Building Normandy Park, WA 98148 $2,566,049 CAD ($587.20 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% Leased
  • Captive neighborhood trade area
  • Barriers to entry with minimal competition
  • Contracted Rental Increases
  • Extremely high-income trade area with average household incomes in excess of $170,000 within 1-mile of the property
  • Attractive, high-quality construction

EXECUTIVE SUMMARY

100% Leased
Contracted Rental Increases
Captive neighborhood trade area
Attractive, high-quality construction
Extremely high-income trade area with average household incomes in excess of $170,000 within 1-mile of the property
Barriers to entry with minimal competition

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
4,370 SF
Building Class
B
Year Built
2007
Price
$2,566,049 CAD
Price Per SF
$587.20 CAD
Cap Rate
6%
NOI
$153,963 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
5.61 AC
Zoning
NS
Parking
44 Spaces (10.07 Spaces per 1,000 SF Leased)
Frontage
159’ on 1st Pl

AMENITIES

  • Bus Line

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Administrative and Support Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Edward Jones is a privately held financial services firm focused on individual investors and small businesses. Founded in 1922, the company operates from its headquarters in the St. Louis area with a U.S. regional headquarters in Tempe, serving clients through a broad network of local branch offices. The firm offers investment guidance, retirement and education savings strategies, insurance solutions, and cash and credit products delivered by financial advisors backed by home-office resources. Edward Jones is the principal operating company of The Jones Financial Companies and is not publicly traded. The firm highlights a long-standing branch-office model designed to provide in-person advice within communities; its corporate sites cite a footprint of more than 15,000 branch locations in North America and tens of thousands of associates, including financial advisors, across the U.S. and Canada. Senior leadership includes Managing Partner Penny Pennington and executives overseeing operat

  • Empire
  • Accommodation and Food Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
  • Rose Pho - Vietnamese Cuisine
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Administrative and Support Services - $9.99 Lorem Ipsum Jan 0000
Empire Accommodation and Food Services - - Lorem Ipsum Jan 0000
Rose Pho - Vietnamese Cuisine Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
611540-0142
Land Assessment
$3,326,318 CAD
Improvements Assessment
$9,714,694 CAD
Total Assessment
$13,041,012 CAD
  • Listing ID: 37793514

  • Date on Market: 2025-09-23

  • Last Updated:

  • Address: 19865 1st Ave S, Normandy Park, WA 98148

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