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Department Store

Ross Dress for Less

3415 Pacific Ave SE, Olympia, WA 98501

Listing Price: $2,998,000

Cap Rate
5.48%
Tenant Name
Ross Dress for Less
Years Remaining On Lease
3.6
Gross SF
21,287
Guarantor
Corporate Guarantee
Rentable SF
21,287
Price/Gross SF
$140.84
Lease Type
Double Net
Rent Per Square Feet
$7.72

Investment Overview

The offering is a 21,000 square foot single-tenant Ross Dress for Less anchoring the Olympia South Shopping Center. Ross has a 30-year tenure at the Property at the over 41,000 square feet pad. Positioned Along Areas Major Retail, Business and Traffic Corridor. Features Easy Access Excellent Visibility Situated along the Heavily Trafficked 32k+ & I-5 with Daily Traffic Counts Exceeding 140K+Vichicles. Densely

Populated & Affluent Area: Features an Average Household Income of more than $85k and 166k+ within a five-Mile Radius. Olympia is the capital of the U.S state of Washington and the county seat and largest city of Thurston County. Some amenities close to the property are: Providence Hospital is Second largest Washington state hospital (390 Beds since 1887), Kaiser Permanente, Saint Martins University, Community College, Middle and High School.

Ross Dress for Less (NASDAQ:ROST) is Ranked #209 on the Fortune 500 List. Features Investment Grade Credit Rating of BBB+ by S&Ps and Annual Revenue Exceeding $16 Billion. Joint Base LewisMc Chord (JBLM) is a U.S. military (US Army & Air Force) installation home to I Corps and 62d Airlift Wing located 9.1 miles (14.6 km) south-southwest between Olympia and Tacoma. In Close Proximity to Numerous National Retailers, Target, Home Depot, Kohl's, Fred Myer, Albertson, OReilly Auto Parts many more.






Investment Highlights

  • Heavily Trafficked Location and Major Retail Corridor
  • Strong Sales with very low Rent to Sales Ratio
  • Capital City of Washington, Olympia
  • Proximity to Hospital, School and College
  • Strong Tenant ranked #209 on Fortune 500 List, and BBB+ by Standard & Poor's
  • Proximity to Largest Military Base, Joint Base Lewis-Mc Chord (JBLM)

Exclusively Listed By

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Department Store

Ross Dress for Less

Listing Price: $2,998,000

Cap Rate
5.48%
Tenant Name
Ross Dress for Less
Years Remaining On Lease
3.6
Gross SF
21,287
Guarantor
Corporate Guarantee
Rentable SF
21,287
Price/Gross SF
$140.84
Lease Type
Double Net
Rent Per Square Feet
$7.72

Investment Highlights

  • Heavily Trafficked Location and Major Retail Corridor
  • Strong Sales with very low Rent to Sales Ratio
  • Capital City of Washington, Olympia
  • Proximity to Hospital, School and College
  • Strong Tenant ranked #209 on Fortune 500 List, and BBB+ by Standard & Poor's
  • Proximity to Largest Military Base, Joint Base Lewis-Mc Chord (JBLM)

Investment Overview

The offering is a 21,000 square foot single-tenant Ross Dress for Less anchoring the Olympia South Shopping Center. Ross has a 30-year tenure at the Property at the over 41,000 square feet pad. Positioned Along Areas Major Retail, Business and Traffic Corridor. Features Easy Access Excellent Visibility Situated along the Heavily Trafficked 32k+ & I-5 with Daily Traffic Counts Exceeding 140K+Vichicles. Densely

Populated & Affluent Area: Features an Average Household Income of more than $85k and 166k+ within a five-Mile Radius. Olympia is the capital of the U.S state of Washington and the county seat and largest city of Thurston County. Some amenities close to the property are: Providence Hospital is Second largest Washington state hospital (390 Beds since 1887), Kaiser Permanente, Saint Martins University, Community College, Middle and High School.

Ross Dress for Less (NASDAQ:ROST) is Ranked #209 on the Fortune 500 List. Features Investment Grade Credit Rating of BBB+ by S&Ps and Annual Revenue Exceeding $16 Billion. Joint Base LewisMc Chord (JBLM) is a U.S. military (US Army & Air Force) installation home to I Corps and 62d Airlift Wing located 9.1 miles (14.6 km) south-southwest between Olympia and Tacoma. In Close Proximity to Numerous National Retailers, Target, Home Depot, Kohl's, Fred Myer, Albertson, OReilly Auto Parts many more.






Exclusively Listed By

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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