Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Smokey Point Plaza, a rare drive-thru anchored retail center located in the dynamic Smokey Point corridor of Arlington, WA. The Property benefits from its strategic location alongside heavily trafficked I-5 (107,000 VPD) as well as it’s close proximity to “Project Roxy”, Amazon’s new 2.8 million square foot distribution center that is located roughly 1 mile away from the subject property. This strategic fulfillment center for Amazon will serve the northwest portion of the state of Washington and will bring more than 1,000 new jobs to the immediate area. The Property is currently occupied by a mix of national and regional tenants including Pacific Northwest based Taco Time, who has anchored the center since 1994 and recently extended their lease term early for an additional 5 years. The property features landlord favorable leases with many tenants reimbursing for a management fee. The property also benefits from large traffic counts in excess of 58,000+ VPD and several new multifamily and single-family developments in the surrounding area.