Log In/Sign Up
Your email has been sent.
19901 1st Ave S
Normandy Park, WA 98148
Normandy Park Towne Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Stable retail and service oriented uses
- Successful tenants with the majority of income from e-commerce resistant retailers
- 100% grocery-anchored shopping center
- Extremely high-income trade area with average household incomes in excess of $170,000 within 1-mile of the property
- 21 of 22 tenants have annual contracted rental increases
- Captive neighborhood trade area
EXECUTIVE SUMMARY
Normandy Park Towne Center offers investors a rare opportunity to acquire a 100% leased, neighborhood shopping center in the high-income, affluent suburb of Normandy Park, WA, just south of Seattle. The offering features high-quality construction, excellent access and visibility, strong NOI growth potential, and a stable, diversified tenant roster, making it a compelling investment in a thriving, supply-constrained market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
81,243 SF
Building Class
B
Year Built/Renovated
2007/2025
Price
$7,384,267
Price Per SF
$90.89
Cap Rate
6.75%
NOI
$498,438
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
8.10 AC
Zoning
NC - Neighborhood commercial
Parking
293 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 611540-0142 | Improvements Assessment | $6,948,000 |
| Land Assessment | $2,379,000 | Total Assessment | $9,327,000 |
PROPERTY TAXES
Parcel Number
611540-0142
Land Assessment
$2,379,000
Improvements Assessment
$6,948,000
Total Assessment
$9,327,000
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
