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Normandy Park Towne Center - Building #5 19900 1st Ave S 28,687 SF 100% Leased Retail Building Normandy Park, WA 98148 $8,758,892 ($305.33/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Grocer Anchored
- New 10-Year Grocery Outlet Lease
- Captive neighborhood trade area
- 100% Leased
- Contracted Rental Increases
- Attractive, high-quality construction
EXECUTIVE SUMMARY
100% Leased
Contracted Rental Increases
Captive neighborhood trade area
Attractive, high-quality construction
Extremely high-income trade area with average household incomes in excess of $170,000 within 1-mile of the property
Barriers to entry with minimal competition
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Grocery Outlet Holding Corp. is an American discount grocery retailer founded in 1946 by James Read in San Francisco, California. The company operates a network of independently owned and operated stores under the Grocery Outlet Bargain Market banner. Its business model focuses on opportunistic purchasing of surplus, overstock, and closeout products from major manufacturers, allowing customers to save 40–70% compared to conventional retail prices. As of late 2025, the company operates over 535 stores across 16 states, with California being its largest market. The Campbell location serves the South Bay area, offering groceries, fresh produce, frozen foods, health and beauty products, and household essentials at significant discounts.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 611540-0140 | Improvements Assessment | $5,248,700 |
| Land Assessment | $1,734,600 | Total Assessment | $6,983,300 |
PROPERTY TAXES
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Normandy Park Towne Center - Building #5 | 19900 1st Ave S
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