910 Burlington BlvdBurlington, WA 98233

For Sale
$4,360,000

High-Occupancy Retail Center in WA

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 15,099 square foot retail shopping center in Burlington, WA, presents a compelling investment opportunity. Boasting 100% occupancy, the property features two prominent national tenants: Sherwin-Williams and Big 5 Sporting Goods. Sherwin-Williams, a Fortune 500 company, recently signed a new 10-year net lease with built-in rent increases. Big 5 Sporting Goods, a Nasdaq-listed company, has occupied the space since 1994 and recently exercised a 5-year lease extension. The property sits on a one-acre lot at a high-traffic intersection on Burlington Blvd, exceeding 22,000 vehicles daily, offering excellent visibility and accessibility. Built in 1994, this single-story building is situated on a hard corner pad site adjacent to a busy Fred Meyer Center, benefiting from significant foot traffic and regional draw. The asking price is $4,360,000, representing a compelling 6.24% cap rate and a price per square foot of $288.76. This stabilized investment offers long-term lease security with strong, creditworthy tenants and significant upside potential. The property's prime location and established tenancy make it an ideal addition to any portfolio. APN: P23561.

Highlights

  • 15,099 SF retail center in Burlington, WA, with 100% occupancy.
  • Two national tenants: Sherwin-Williams (Fortune 500, new 10-year net lease with rent increases) and Big 5 Sporting Goods (Nasdaq-listed, 5-year lease extension).
  • High-traffic location on Burlington Blvd (22,000+ VPD), hard corner pad site adjacent to a Fred Meyer Center.
  • Asking price: $4,360,000, 6.24% cap rate, $288.76/SF.

Property Details for 910 Burlington Blvd

Property type
Lifestyle centers, Power centers
Square Feet
15,099 SF
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Burlington
County
Skagit
State
Washington
Latitude
48.4678714
Longitude
-122.3351253
910 Burlington Blvd, Burlington, Washington

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910 Burlington Blvd
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