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Normandy Park Towne Center 5 Retail Properties Offered at $36,539,036 CAD in Normandy Park, WA
EXECUTIVE SUMMARY
Normandy Park Towne Center offers investors a rare opportunity to acquire a 100% leased, grocery-anchored neighborhood shopping center in the high-income,
affluent suburb of Normandy Park, WA, just south of Seattle. The center is anchored by Grocery Outlet on a new 10-year lease, providing a stable and reliable income
stream. The three largest tenants, accounting for approximately 48% of total rental income, have recently expanded their footprints and executed long-term lease
extensions, demonstrating strong tenant commitment. The offering features high-quality construction, excellent access and visibility, strong NOI growth potential, and a stable, diversified tenant roster, making it a compelling investment in a thriving, supply-constrained market. The center is comprised of 5 buildings and tax parcels and is being offered together or individually.
affluent suburb of Normandy Park, WA, just south of Seattle. The center is anchored by Grocery Outlet on a new 10-year lease, providing a stable and reliable income
stream. The three largest tenants, accounting for approximately 48% of total rental income, have recently expanded their footprints and executed long-term lease
extensions, demonstrating strong tenant commitment. The offering features high-quality construction, excellent access and visibility, strong NOI growth potential, and a stable, diversified tenant roster, making it a compelling investment in a thriving, supply-constrained market. The center is comprised of 5 buildings and tax parcels and is being offered together or individually.
PROPERTY FACTS
| Price | $36,539,036 CAD | Number of Properties | 5 |
| Price / SF | $264.25 CAD / SF | Individually For Sale | 5 |
| Cap Rate | 6.65% | Total Building Size | 138,275 SF |
| Sale Type | Investment | Total Land Area | 27.42 AC |
| Status | Active |
| Price | $36,539,036 CAD |
| Price / SF | $264.25 CAD / SF |
| Cap Rate | 6.65% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 5 |
| Total Building Size | 138,275 SF |
| Total Land Area | 27.42 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Building 4
19901 1st Ave S, Normandy Park, WA 98148 |
Retail | 81,243 SF | 2007 | $10,307,846 CAD |
|
Normandy Park Market
19900 1st Ave S, Normandy Park, WA 98148 |
Retail | 30,000 SF | 2014 | $12,226,713 CAD |
|
Building 2
19893 1st Ave S, Normandy Park, WA 98148 |
Retail | 12,461 SF | 2007 | $6,712,390 CAD |
|
Building 1
19919 1st Ave S, Normandy Park, WA 98148 |
Retail | 10,202 SF | 2007 | $6,150,177 CAD |
|
Building 3
19865 1st Ave S, Normandy Park, WA 98148 |
Retail | 4,369 SF | 2007 | $2,566,049 CAD |
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Normandy Park Towne Center
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