Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Church’s Chicken Value-Add Retail Center strategically located in the rapidly growing Seattle-Tacoma MSA. The Property is anchored by a strong performing Church’s Chicken, operated by a successful multi-unit franchisee, who signed a new lease in 2020 showing commitment to the site. The retail center, with all short-term tenants, provides a value-add opportunity for an investor to reposition the property while collecting an income stream and/or allows an owner/user to occupy one or more of the spaces at the Property. The Property is comprised of two tax parcels, allowing an investor the option to sell each parcel individually in the future. The area surrounding the Property is densely populated with over 220,000 residents in a 5-mile radius. The population within 5-miles has grown nearly 14% since 2010 and is projected to increase nearly 8% more in the next five years. The Property benefits from its proximity to I-5 (140,000+ VPD), Pacific Hwy S (12,000+ VPD), and Bridgeport Way (29,500+ VPD), with strong visibility from Bridgeport Way.