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Banfield Pet Hospital & ShareTea 4018 Pacific Ave SE 5,800 SF 100% Leased Retail Building Lacey, WA 98503 $4,195,000 ($723.28/SF) 5.42% Cap Rate

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EXECUTIVE SUMMARY

MAJ Commercial Real Estate is excited to present the opportunity to acquire a Multi-Tenant NNN Lease Investment located in Lacey, WA. The property is leased to Banfield Pet Hospital and ShareTea, which are both on brand new 10-year leases with two options to extend for 5-years. Banfield Pet Hospital and ShareTea are part of Pacific Station, which includes Co-Tenants such as, 7-Eleven, Chipotle, MOD Pizza and Five Guys Burgers and Fries. Pacific Station is ideally located at the intersection of Pacific Ave SE and Sleater Kinney RD SE, which is encompasses approximately 71,644 vehicles per day and just south (0.50 miles) of I-5. Some of the surrounding businesses include, Fred Meyer, Target, Starbucks, Chase Bank, Marshalls and more.