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3625 148th St SWLynnwood, WA 98087
Lake Serene Shopping Center
Asset ClassRetail
overview of deal

Overview

Lake Serene Shopping Center presents an opportunity to acquire a 100% leased, high-quality asset located on Highway 99 in Lynnwood, WA. The 29,858 SF center is anchored by a future CVS Pharmacy (former Bartell Drugs) and contains 13,463 SF of premium retail shops, fully leased to a strong tenant mix including Starbucks, 7-Eleven, Bank of America and Little Ceasar’s. The offering presents investors with the opportunity to acquire a stabilized, irreplaceable retail asset in a core, high-visibility location with demonstrated rental upside and a track record of consistent income generation.

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Investment Highlights

  • New CVS Pharmacy Purchasing Former Bartell Drugs Space
  • Diverse Tenant Roster With 100% Occupancy & Rental Growth
  • 71% Of Revenue From National & Credit Tenants
  • Superior Site Layout & Accessibility With High Traffic Counts
  • Strong Retail Market Fundamentals
  • Robust Demographic Profile & High-Growth Trade Area
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3625 148th St SWLynnwood, WA 98087

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Listing provided by Revere CRE