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Mountain View Marketplace 9801 204th Ave E 9,635 SF 100% Leased Retail Building Bonney Lake, WA 98391 $9,579,800 ($994.27/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Shadow anchored next to Costco and prominently featured on SR 410, the main thoroughfare in Bonney Lake that receives over 29,000 VPD
- Adjacent to popular national retailers such as Chick-fil-A, Chipotle, Mod Pizza, Crumbl Cookies, and Habit Burger
- All tenants feature NNN leases that insulate ownership from operating expense inflation and provide minimal landlord responsibilities
- High-quality construction completed in 2025 provides a turn-key, generational investment opportunity
- Panera Bread is operated by the Flynn Group, the 2nd largest Panera Bread franchisee in the world with over 145+ locations in 9 states
- The 4 tenants offer essential services to the local community and are highly resistant to being replaced by e-commerce
EXECUTIVE SUMMARY
This opportunity features extremely strong real estate fundamentals, shadow anchored by Costco and adjacent to popular national retailers such as Chick-fil-A and Chipotle.
Mountain View Marketplace is anchored by Panera Bread, operated by the 2nd largest franchisee in the world, and Aspen Dental who has over 1,100 locations in the United States. All 4 tenants feature NNN leases, providing a secure income stream with minimal landlord responsibilities.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Health Care and Social Assistance
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- -
- -
Aspen Dental North Chesterfield is part of a national network of privately held dental support organization–backed practices, offering comprehensive dental services. Serving patients since the brand’s launch in the late 1990s, this location provides general dentistry, cosmetic procedures like veneers and clear aligners, dentures, tooth extractions, emergency dental care, and implant services. Operating daily with flexible hours, the practice accommodates walk-ins and scheduled appointments and accepts most insurance plans with transparent pricing. Privately operated by an independent dentist under the Aspen Dental model, the office aligns with the company’s mission to improve access to dental care.
- Kally Threading
- Services
- -
- -
- -
- Panera Bread
- Accommodation and Food Services
- -
- -
- -
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- Information
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- -
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Xfinity is the consumer brand of Comcast Cable Communications, a division of Comcast Corporation. The brand was introduced in 2010 to market residential cable television, broadband internet, telephone, and wireless services. Comcast Cable, originally founded in 1981, operates under the Xfinity name to deliver connectivity and entertainment solutions across the United States. Headquartered in Philadelphia, Pennsylvania, Xfinity offers services including high-speed internet, streaming TV, mobile plans, and home security. As part of Comcast’s Connectivity & Platforms segment, Xfinity serves millions of customers nationwide through retail stores, online platforms, and service centers.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - | ||
| Kally Threading | Services | - | - | - | ||
| Panera Bread | Accommodation and Food Services | - | - | - | ||
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Information | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 051903-6062 | Improvements Assessment | $0 |
| Land Assessment | $1,724,900 | Total Assessment | $1,724,900 |
PROPERTY TAXES
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Mountain View Marketplace | 9801 204th Ave E
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