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19900 1st Ave S
Normandy Park, WA 98148
Normandy Park Towne Center - Building #5 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Grocer Anchored
- New 10-Year Grocery Outlet Lease
- Captive neighborhood trade area
- 100% Leased
- Contracted Rental Increases
- Attractive, high-quality construction
EXECUTIVE SUMMARY
Grocery Outlet Anchored
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
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
Property Subtype
Freestanding
Building Size
28,687 SF
Building Class
B
Year Built
2014
Price
$12,072,644 CAD
Price Per SF
$420.84 CAD
Cap Rate
6.50%
NOI
$784,722 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.26
Lot Size
2.49 AC
Zoning
NC
Parking
96 Spaces (3.35 Spaces per 1,000 SF Leased)
Frontage
267’ on 1st Ave
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 611540-0140 | Improvements Assessment | $7,234,441 CAD |
| Land Assessment | $2,390,851 CAD | Total Assessment | $9,625,292 CAD |
PROPERTY TAXES
Parcel Number
611540-0140
Land Assessment
$2,390,851 CAD
Improvements Assessment
$7,234,441 CAD
Total Assessment
$9,625,292 CAD
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