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Ace Hardware 232 Valley Center Pl 13,000 SF 100% Leased Industrial Building Sequim, WA 98382 $1,400,000 ($107.69/SF) 6.50% Cap Rate
Investment Highlights
- 8+ years remaining on original 10 year NNN lease
- Ace Hardware is a nationally recognized, essential-use retailer with consistent performance through economic cycles
- Sequim serves as a primary retail and service center for the surrounding Olympic Peninsula, with barriers to entry limiting big-box competition
- Current ownership and tenant has invested $500,000 into capital improvements to the building
- Backed by an experienced regional ownership group (Broadway Hardware Group) with 9 locations in Washington and Oregon
- Positioned near U.S. Route 101, the area’s main arterial connecting Sequim to Port Angeles and the broader peninsula
Executive Summary
Kidder Mathews is please to present the opportunity to acquire the Ace Hardware in Sequim, WA a NNN investment opportunity featuring 10-year NNN lease with over 8 years of term remaining, delivering stable long-term cash flow with minimal landlord responsibilities. The property has benefited from approximately $500,000 in recent capital improvements by current ownership and the tenant to support Ace Hardware's occupancy. A new roof is currently being installed.
Property Facts
| Price | $1,400,000 | Building Class | C |
| Price Per SF | $107.69 | Lot Size | 0.92 AC |
| Sale Type | Investment NNN | Rentable Building Area | 13,000 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1996 |
| Property Subtype | Warehouse | ||
| Zoning | CGC | ||
| Price | $1,400,000 |
| Price Per SF | $107.69 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.92 AC |
| Rentable Building Area | 13,000 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Zoning | CGC |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 40625 | Improvements Assessment | $1,027,266 |
| Land Assessment | $101,390 | Total Assessment | $1,128,656 |
Property Taxes
Parcel Number
40625
Land Assessment
$101,390
Improvements Assessment
$1,027,266
Total Assessment
$1,128,656
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Ace Hardware | 232 Valley Center Pl
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