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Net Lease

Ziegler Lumber Company

1520 E Wheeler Rd, Moses Lake, WA 98837

Listing Price: $5,030,957

Cap Rate
5.75%
Lot Size
10.75 acres
Year Built
2002
Rentable SF
36,160

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Ziggy's Home Improvement located in Moses Lake, WA. The Property features a brand new 5 year NNN lease and nearly 4 acres of combined land ready for ground lease or development. Ziggy's has experienced 30%+ sales growth post COVID-19 as demand for residential and commercial renovations has skyrocketed. The Property is guaranteed by an experienced operator with 6 retail/warehouse locations across Eastern Washington and North Idaho and has been operating for over 55 years. The lease type is NNN with the Landlord having minimal management or repair responsibilities.

Investment Highlights

  • CORPORATE GUARANTEE / BRAND NEW 5-YEAR NNN LEASE
  • STRONG STORE SALES / COVID RESISTANT TENANT
  • LARGE 10.75 ACRE LOT WITH LOW LOT COVERAGE AND DEVELOPMENT UPSIDE
  • BELOW MARKET RENT AT $8.00/SF
  • ATTRACTIVE NNN LEASE STRUCTURE
  • HIGH-QUALITY FLEX INDUSTRIAL PROPERTY
  • RECENTLY RENOVATED
  • LOCATED IN HIGH-GROWTH MARKET

Exclusively Listed By

Net Lease

Ziegler Lumber Company

Listing Price: $5,030,957

Cap Rate
5.75%
Lot Size
10.75 acres
Year Built
2002
Rentable SF
36,160

Investment Highlights

  • CORPORATE GUARANTEE / BRAND NEW 5-YEAR NNN LEASE
  • STRONG STORE SALES / COVID RESISTANT TENANT
  • LARGE 10.75 ACRE LOT WITH LOW LOT COVERAGE AND DEVELOPMENT UPSIDE
  • BELOW MARKET RENT AT $8.00/SF
  • ATTRACTIVE NNN LEASE STRUCTURE
  • HIGH-QUALITY FLEX INDUSTRIAL PROPERTY
  • RECENTLY RENOVATED
  • LOCATED IN HIGH-GROWTH MARKET

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Ziggy's Home Improvement located in Moses Lake, WA. The Property features a brand new 5 year NNN lease and nearly 4 acres of combined land ready for ground lease or development. Ziggy's has experienced 30%+ sales growth post COVID-19 as demand for residential and commercial renovations has skyrocketed. The Property is guaranteed by an experienced operator with 6 retail/warehouse locations across Eastern Washington and North Idaho and has been operating for over 55 years. The lease type is NNN with the Landlord having minimal management or repair responsibilities.

Exclusively Listed By

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