2600-2616 Simpson Ave | Aberdeen, WA 98520
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2600-2616 Simpson Ave
Aberdeen, WA 98520
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Dollar Tree has occupied the premises for 16+ years with a recent 5-year exercised in 2018.
- Low contract rents and modified gross lease structure for majority of tenants provides opportunity for upside as leases expire.
- Long term tenants with 56% of the GLA occupied for over 10 years.
- Priced significantly below replacement cost at $48 PSF.
- Sell-off potential of pads to reduce overall basis.
PROPERTY FACTS
Property Type
Retail
Building Size
27,454 SF
Building Class
C
Year Built
1973
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
3.28 AC
PROPERTY TAXES
| Parcel Number | 018600900001 | Improvements Assessment | $674,877 |
| Land Assessment | $1,009,608 | Total Assessment | $1,684,485 |
PROPERTY TAXES
Parcel Number
018600900001
Land Assessment
$1,009,608
Improvements Assessment
$674,877
Total Assessment
$1,684,485
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