Floor & Décor 11608 NE 76th St 49,975 SF 4-Star Retail Building Vancouver, WA 98662 $7,385,000 ($147.77/SF) 5.75% Cap Rate

Capacity Commercial Group, in collaboration with HSM Pacific, is pleased to offer the opportunity to acquire the fee simple interest in a NNN-leased, newly remodeled, corporate-guaranteed (NYSE: FND) Floor & Décor investment property located in Vancouver, Washington (the Property).
The tenant, Floor and Décor Outlets of America, Inc. (“Floor & Décor”), signed a 15-year lease with four 5-year options to extend, demonstrating their commitment to the site. The lease is NNN, with landlord responsibilities limited to the repair and replacement of the roof and structure.
Floor & Décor is strategically located at the intersection of NE 76th Street and NE 117th Ave, where a combined ±22,000 vehicles pass the site per day, on average.
The tenant paid for all recent renovations to the property, thus demonstrating their commitment to the site and significantly reducing relocation risk. Floor & Décor sought this location as a strategic alignment with the neighboring Lowe’s, as it is the #2 store in the State of Washington, per Placer.ai.