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Granite Ridge Commercial 2 Properties Offered at $3,390,000 in Spanaway, WA
Investment Highlights
- FULLY LEASED NNN INCOME
- LONG-DATED LEASE PROFILE
- STRATEGIC DEVELOPMENT & COVERED-LAND OPTIONALITY
- NATIONAL-BRAND CREDIT ANCHORS
- EMBEDDED INCOME GROWTH
- MARKET-ANCHORED STABILITY
Executive Summary
Granite Ridge Commercial presents a compelling opportunity to acquire a fully leased, 4,465 SF neighborhood retail asset plus 64,401 SF of land parcels situated on a 2.11-acre site at 20401 Mountain Hwy E in Spanaway, Washington. The property offers a dual-value proposition: immediate, stable cash flow from a national tenant base and long-term upside through significant land capacity in a high-growth residential corridor.
Property Facts
| Price | $3,390,000 | Number of Properties | 2 |
| Price / SF | $759.24 / SF | Individually For Sale | 0 |
| Sale Condition | Bulk/Portfolio Sale | Total Building Size | 4,465 SF |
| Sale Type | Investment | Total Land Area | 2.15 AC |
| Status | Active |
| Price | $3,390,000 |
| Price / SF | $759.24 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,465 SF |
| Total Land Area | 2.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Granite Ridge - Lots 5-7
20415 Mountain Hwy E, Spanaway, WA 98387 |
Land | 1.51 AC | - | - |
|
Building A
20401 Mountain Hwy E, Spanaway, WA 98387 |
Retail | 4,465 SF | 2014 | - |
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