1999 Pacific Ave, Woodland, WA 98674
9,950 SF | 100% Leased | Retail Building | Woodland, WA 98674 | $3,700,000 ($372/SF) | 6.35% Cap Rate
Asking Price $3,700,000
- Property Type
-
Retail
- Square Feet
- 9,950 SF
- Price / Square Foot
- $372
Listing Contacts
- Property Info
Property Overview
100% OCCUPIED, SAFEWAY
SHADOW-ANCHORED RETAIL
CENTER ADJACENT TO I-5
Anchored by a Drive-thru Starbucks which has operated in the center
for 16+ years, the property benefits from its proximity to Safeway, with
direct I-5 access with traffic counts of 72,700+ VPD
SHADOW-ANCHORED RETAIL
CENTER ADJACENT TO I-5
Anchored by a Drive-thru Starbucks which has operated in the center
for 16+ years, the property benefits from its proximity to Safeway, with
direct I-5 access with traffic counts of 72,700+ VPD
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 43,560 SF
Highlights
- 75% of the income derives from tenants who have occupied the center for 9+ years.
- Drive-thru Starbucks with a rent of roughly 50% of typical new builds. Exercised second 5-year option in 2023.
- National tenants make up 77% of the GLA, 3 of which have occupied the center since being built in 2008.
- 5 tenants with 3% annual bumps.
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