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9010 Market Pl, Lake Stevens, WA 9020 Market Pl, Lake Stevens, WA
9010 Market Place
Asset ClassRetail
Deal Size$11.75 M
100% Net Leased, Two Tenant Retail Center Located in Lake Stevens' Retail Corridor | Seattle
overview of deal

Overview

JLL, as exclusive advisor, is pleased to offer the opportunity to acquire 9010 Market Place (hereafter the “Property”), a 2018 construction Bartell-Drugs anchored retail development in Lake Stevens, WA. The offering features two standalone buildings totaling 21,088 square feet 100% leased to two tenants, Bartell Drugs and RAM Restaurant & Brewery. Located at the junction of Hwy 9 and SR 204, the Property garners significant daily traffic volume (22,000 and 35,000 VPD, respectively). The Property’s high visibility has generated meaningful results for its tenants, with the RAM Restaurant & Brewery’s trailing 12-month sales exceeding $500 PSF.

 

Sources: PlacerAi, ESRI

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Investment Highlights

Occupancy
100%
Weighted Average Lease Term
5.1 Years
Cap Rate
5.97%
# Tenants
2
Year Built
2018
Land
2.46 Acres
Parking Spaces
106 Spaces
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9010 Market PlLake Stevens, WA 98258

Contact Information

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Listing provided by Revere CRE