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Shopping Strip

Auburn Retail Center

1510 Industry Dr SW, Auburn, WA 98001

Listing Price: $7,395,000

Cap Rate
6.36%
Gross SF
14,775
Rentable SF
14,775
Price/Gross SF
$500.51
Lot Size
1.66 acres
Year Built
2007

Investment Overview

We are pleased to present the investment sale offering of the Auburn Retail Center in Auburn , WA. (Seattle MSA). This two building corner property is strategically located directly across from the high traffic and regional appealing Outlet Collection Mall and one of the areas few Walmart Supercenters. This quality stabilized investment property features long term predictable returns from a solid tenant mix including T-mobile and Mattress Firm. The Auburn Retail Center has proven to be an excellent secure asset with a history of continued high occupancy and steady rental growth. This prominent investment property offers the savvy investor a very well located passive asset that will provide great cash flow, ease of management and long term appreciation in one of the Pacific Northwest’s growth markets for years to come.

Investment Highlights

  • Excellent Quality Center: The Auburn Retail Center is high quality masonry construction designed and built for longevity and low maintenance.
  • Strong Tenant Base: A prominent corner suite for T-Mobile and a free standing Mattress Firm building add to the traffic and draw.
  • Favorable Assumable Loan: Ability to assume low interest rate existing financing.
  • Seattle / Tacoma Growth Market: Auburn benefits from its centralized location between both Downtown Seattle and Tacoma making it one of the most concentrated growth areas of the PNW.
  • Strategic Retail Location: The Auburn Retail Center is directly across from the 950,000 Sf Outlet Collection Seattle Mall and a Walmart Supercenter.
  • Long-Term NNN Leases: Anchor leases have over 5 and 6 years remaining on base lease terms. Tenant's all reimburse actual property operating costs.
  • Great Access and Parking: Highly functional 1.66 acre lot with two points of access, great signage and ample on site parking.
  • Major Highway Accessibility: The Auburn Retail Center and it's many national tenant neighbors are all consolidated at this main intersection of Hwy 167 (N/S) to I-405 and Hwy 18 (E/W) to I-90 and I-5.

Exclusively Listed By

Financing By

Shopping Strip

Auburn Retail Center

Listing Price: $7,395,000

Cap Rate
6.36%
Gross SF
14,775
Rentable SF
14,775
Price/Gross SF
$500.51
Lot Size
1.66 acres
Year Built
2007

Investment Highlights

  • Excellent Quality Center: The Auburn Retail Center is high quality masonry construction designed and built for longevity and low maintenance.
  • Strong Tenant Base: A prominent corner suite for T-Mobile and a free standing Mattress Firm building add to the traffic and draw.
  • Favorable Assumable Loan: Ability to assume low interest rate existing financing.
  • Seattle / Tacoma Growth Market: Auburn benefits from its centralized location between both Downtown Seattle and Tacoma making it one of the most concentrated growth areas of the PNW.
  • Strategic Retail Location: The Auburn Retail Center is directly across from the 950,000 Sf Outlet Collection Seattle Mall and a Walmart Supercenter.
  • Long-Term NNN Leases: Anchor leases have over 5 and 6 years remaining on base lease terms. Tenant's all reimburse actual property operating costs.
  • Great Access and Parking: Highly functional 1.66 acre lot with two points of access, great signage and ample on site parking.
  • Major Highway Accessibility: The Auburn Retail Center and it's many national tenant neighbors are all consolidated at this main intersection of Hwy 167 (N/S) to I-405 and Hwy 18 (E/W) to I-90 and I-5.

Investment Overview

We are pleased to present the investment sale offering of the Auburn Retail Center in Auburn , WA. (Seattle MSA). This two building corner property is strategically located directly across from the high traffic and regional appealing Outlet Collection Mall and one of the areas few Walmart Supercenters. This quality stabilized investment property features long term predictable returns from a solid tenant mix including T-mobile and Mattress Firm. The Auburn Retail Center has proven to be an excellent secure asset with a history of continued high occupancy and steady rental growth. This prominent investment property offers the savvy investor a very well located passive asset that will provide great cash flow, ease of management and long term appreciation in one of the Pacific Northwest’s growth markets for years to come.

Exclusively Listed By

Financing By

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