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Supermarket For Sale • 87,741 SF
| The Center has a dedicated above and below level parking garage with 275 parking stalls with multiple points of ingress and egress |
| The offering provides attractive value-add returns, with a secure year-1 as-is yield and it is extremely rare to find such a secure initial cap rate |
| The immediate trade area contains severe barriers to entry as Capitol Hill is extremely difficult to penetrate |
| The offering provides upside through leasing of the free-standing 14,668 SF former Bartell Drugs (Rite Aid) space as well as an additional shop space |
| Due to the leasing upside and contracted rental increases the going in yield increases approximately 230 basis points upon stabilization |
| Although not a part of the offering, QFC adds the grocery component, and daily goods draw to the Center |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 5 min | - | 1.5 mi |
| Transit/Subway | Drive | Walk | Distance |
| Broadway & Pike-Pine (First Hill Streetcar - City of Seattle) | 0 min | 0 min | 0.0 mi |
| Broadway And Denny (First Hill Streetcar - City of Seattle) | 1 min | 6 min | 0.3 mi |
| Broadway & Marion (First Hill Streetcar - City of Seattle) | 1 min | 6 min | 0.3 mi |
| Capitol Hill Station (Northgate - Angle Lake - Sound Transit) | 1 min | 8 min | 0.5 mi |
| Broadway & Terrace St (First Hill Streetcar - City of Seattle) | 2 min | 13 min | 0.7 mi |
| Airport | Drive | Walk | Distance |
| Seattle-Tacoma International | 25 min | - | 14.8 mi |
| Seattle Paine Field International | 34 min | - | 23.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 77 |
| Type: | Surface |
| Included in Rent: | Yes |
Billy Sleeth
Newmark
Billy Sleeth
Newmark
