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$6,375,000
Est. payment /mo
25,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 25,000 sqft
Price per Sqft $255
MLS Listing ID 279059
HOA Y/N No
Year Built 2004
Annual Tax Amount $42,715
Lot Size 1.980 Acres
Acres 1.98
Property Description
MLS #279059. This Grocery-Anchored Dollar Tree NNN Investment offers a premier opportunity for investors seeking stable, long-term cash flow with minimal management responsibilities. Priced at $6,375,000, this 25k SF property provides an attractive 6.69% CAP rate and generates a net operating income (NOI) of $426,016 annually. The anchor tenant, Dollar Tree, occupies 19,966 SF and is a well-established, national credit tenant. Dollar Tree recently extended its lease for 8 additional years, through January 2032, with two 5-year renewal options that could extend their tenancy until 2042. There is a vacant 5k SF suite adjacent to Dollar Tree that is a former Mattress Suite and is listed for lease for $22.50/SF. NNN estimates are $3.75 and WinCo Grocery manages all of the Center's Common Area Maintenance. Call LA to discuss more and NDA for Full OM.
Location
State WA
County Us
Interior
Inclusions Condo And Leases
Exterior
Parking Features 75+ Spaces
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Listed by StrickerCRE