1250 SW Erie St
Oak Harbor, WA 98277
Walmart · Retail Property For Sale
PROPERTY FACTS
ABOUT 1250 SW ERIE ST , OAK HARBOR, WA 98277
Marcus & Millichap has been selected to exclusively market for sale the Walmart at 1250 SW Erie Street, Oak Harbor, WA. The building is approximately 101,703 square feet on a 10.65-acre lot, and situated in the retail core of Whidbey Island. Walmart built this store in 1998 and in December 2017 exercised its first 10-year option to renew, showing its commitment to the site. Walmart’s lease rate is significantly below market rent at $2.19/sf/yr + NNN, adding to the stability of the investment while providing tremendous rental upside. Additionally, within the last 18 months Walmart has performed a significant interior / exterior on the store, including a full roof replacement, interior remodel, new signage and replacement of the sprinkler and fire systems.
PROPERTY TAXES
| Parcel Number | R13203-211-4510 | Improvements Assessment | $7,612,498 |
| Land Assessment | $3,250,447 | Total Assessment | $10,862,945 |
