Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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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
Mark Thygesen
Director, Capital Markets
License details
WA-104827

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Last Updated Date: 30 Mar 2021

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