Retail

9309 N Davies

9309 N Davies Rd Lake Stevens, WA United States 98258-8563

Asking Price

NOI Net Operating Income

Cap Rate

Asking Price

NOI Net Operating Income

Cap Rate

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Key Facts

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Property Description

JLL, as exclusive advisor for the seller, is pleased to present the opportunity to acquire or lease the 100% fee simple interest in Frontier Village Veterinary Clinic located at 9309 N Davies Road in Lake Stevens, WA (the “Property”). The Property is currently occupied by Frontier Village Veterinary Clinic, who is vacating in October 2021, offering an exciting opportunity for a new owner user or investor to enter a supply constrained market. Adjacent to the highly trafficked SR 9 and SR 204 corridor, the Property offers the rare opportunity to invest in Lake Stevens’ most active retail market.

Investment Highlights

Located in Frontier Village, Lake Stevens’ primary retail market
Near-term upside potential to bring property to market rents
In place income while new owner gains permits to re-tenant space
Directly across from one of the most visited Safeways in the United States (top 5%), receiving 1.08 million visits in the last 12 months
Low vacancy market (2.2%) with zero square feet under construction
Excellent demographics with average household incomes over $114,000 within a 3-mile radius
In between two new roundabouts, increasing access and visibility
- New 1-lane roundabout at N Davies Road and Vernon Road
- New 2-lane roundabout and creation of a new intersection of SR 9, Davies Road, and Vernon Road

Last Updated Date: 30 Mar 2021

Mark Thygesen

Director, Capital Markets

Broker Licenses

WA-104827

+1 (206) 6071737

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Last Updated Date: 30 Mar 2021