230 Auburn WayAuburn, WA 98002

This exceptional 12,000 square foot retail shopping center, located at 230-240 Auburn Way South in Auburn, Washington, presents a compelling investment opportunity. The property boasts eight units currently 100% occupied, generating a strong net operating income (NOI) of $167,540 and a 7.21% capitalization rate. Built in 1975 and extensively renovated in 2015 and again in 2021 and 2022 (roof, façade, and staircases), this two-story building sits on a 16,000 square foot lot zoned DUC. The property benefits from below-market rents with built-in annual increases of 4%, offering significant upside potential for future rental income. Tenants are responsible for their space maintenance, minimizing landlord responsibilities. Its prime location in downtown Auburn, adjacent to national retailers like Safeway and Burger King, and across from a planned new Hilton hotel, ensures high visibility and strong tenant demand. The asking price is $2,325,000, translating to $193.75 per square foot. This stabilized investment offers a rare combination of immediate high yield and long-term growth prospects. The gross lease structure simplifies management, and the strong tenant mix ensures consistent cash flow. This is a turnkey opportunity for investors seeking a high-performing retail asset in a thriving location.