Longstanding, Committed Tenant Roster

The Center is anchored by a high-performing Haggen grocer that has successfully operated at the Center for 25 years. Other national/regional tenants including Chase Bank, Dairy Queen, Pizza Hut, and John L. Scott have recently extended leases, reflecting confidence in the location and long-term tenancy.

Recent Lease Extensions

The Center is 100% leased and has secured more than 63,000 square feet of leasing activity the past 2 years, reflecting strong tenant interest and reaffirming its competitive position within the market.

Anchor Tenant and Site Layout

The property’s ideal site layout features a free-standing grocer building, complemented by a 15,450 square foot multi-tenant shop building and a free-standing Chase Bank pad. This configuration enhances both visibility and accessibility, contributing to its desirability among tenants.

In-Place National & Regional Credit Tenancy

The Market at Lake Stevens benefits from 98% of the income stream generated from nationally and regionally recognized tenants providing credit, stability and regional draw to the Center.

Significant Discount to Replacement Cost

The offering represents a substantial discount to replacement cost, especially when considering the cost to replicate 74,130 SF on an 8.47-acre site in a high-barrier-to-entry submarket.

Residential Growth & Economic Development

Lake Stevens is consistently recognized as one of Washington State’s fastest-growing small cities. The city’s comprehensive plan targets the addition of over 10,000 new residents, 5,000 housing units, and 3,200 jobs by 2044, reflecting a clear vision for sustained residential and economic growth.