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Boston's 16918 Twin Lakes Ave 6,356 SF 100% Leased Retail Building Marysville, WA 98271 $500,000 ($78.67/SF) 5.04% Cap Rate
Investment Highlights
- Freestanding building with extensive frontage within a high-traffic shopping center.
- Located directly in front of Best Buy and adjacent to Target, near Costco and other national retailers.
- Surrounded by growing residential communities, delivering a solid customer base.
- Two outdoor dining patios with installed heaters for all-season operation.
- Positioned along Twin Lakes Road with immediate access to Interstate 5 for excellent connectivity.
- Situated within Lakewood Crossing, an active retail hub anchored by major brands.
Executive Summary
This building is on a ground lease with 21 years remaining. 6356 sqft freestanding retail building in the Lakewood Crossing center with freeway visibility. Costco, Target, Best Buy are anchor tenants. An abundance of parking. Please do not disturb tenants or tenants' employees!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,356 SF
Building Class
B
Year Built
2008
Price
$500,000
Price Per SF
$78.67
Cap Rate
5.04%
NOI
$25,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.33 AC
Zoning
GC - General Commercial (GC) - mix of retail, wholesale, service, and recreational uses serving regional market areas
Frontage
138’ on Twin Lakes Ave
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 004828-000-008-01 | Improvements Assessment | $277,600 |
| Land Assessment | $1,838,400 | Total Assessment | $2,116,000 |
Property Taxes
Parcel Number
004828-000-008-01
Land Assessment
$1,838,400
Improvements Assessment
$277,600
Total Assessment
$2,116,000
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Boston's | 16918 Twin Lakes Ave