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Marysville Town Center 251 Marysville Mall 172,298 SF 100% Leased Retail Building Marysville, WA 98270 For Sale
Investment Highlights
- Grocery-Anchored, Seattle MSA: 239K SF center in fast-growing Marysville (+20% pop since 2010; incomes +17% by 2028).
- Vacancies Resolved: Rite Aid ? Fitness Compound; Big Lots ? Urban Air (both 10-year deals).
- Mark-to-Market: Multiple tenants well below market (e.g., Safeway, Burlington, JC Penney, Staples).
- Safeway Secured: Ground lease at $3.16/SF (below market) through 2037; rebranded in 2024.
- BECU Pad: 4,000 SF BTS at $50/SF NNN, 10-year term.
- Outparcel Upside: Prior pad sales; additional monetization ahead.
Executive Summary
in Marysville, Washington, one of the fastest-growing cities in Snohomish County and the second-largest city in the county by population. The center is 99% occupied and anchored by Safeway, operating under a ground lease at $3.16/SF, well below market rate, with a lease running through April 2037. The location was converted from an Albertsons to a Safeway banner given its standing as a top 5 performing Albertsons store.
Two former junior boxes, previously occupied by Rite Aid and Big Lots, have been replaced with long-term NNN leases with The Fitness Compound and Urban Air, leading to a strong WALT of 10.7 Years. A new build to suit BECU pad is permitting a 10-year NNN lease in place at $50.00/SF. These newly executed leases establish junior box market rents in the ~$15/SF range, with several existing tenants paying well below that benchmark.
Property Facts
Amenities
- Pylon Sign
- Signage
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
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$9.99
-
Jan 0000
Daiso Industries began in Japan in 1977 as a value-focused variety-store business built around low-priced everyday goods. The company is known for its 100-yen shop format and has grown into a retailer with a broad assortment that includes household items, kitchenware, stationery, beauty products, storage goods, and other daily necessities. Daiso operates in multiple countries and regions, giving the business a significant international retail presence while keeping its core focus on affordable, practical merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | $9.99 | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $18,757,398 CAD | |
| Land Assessment | $12,282,460 CAD | Total Assessment | $31,039,859 CAD |
Property Taxes
Presented by
Marysville Town Center | 251 Marysville Mall
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