8151 E-WASILLA HWY Palmer AK 99645

High Volume Supermarket, over $1,200 PSF in Sales!!

THREE BEARS ALASKA

ADDRESS: 8151 E Palmer Wasilla Highway Palmer, AK 99645

COUNTY: Matanuska-Susitna Borough

PRICE: Unpriced

INVESTMENT OVERVIEW:

A2Z Real Estate Inc is pleased to present the exclusive listing for a Three Bears Alaska Warehouse and Grocery Store located at 8181 E Palmer-Wasilla Highway in Palmer, Alaska. The site consists of roughly 51,932 rentable square feet of building space on estimated 4.85-acre parcel of land. This Three Bears Grocery Store is subject to an original 15-year absolute triple-net (NNN) lease, which commenced October 11th, 2007. Three Bears recently signed a 10 year renewal with 10 years remaining on term expiring 10/11/2032.

SITE SUMMARY:

Lot Size: +/- 4.85

Building Size:+/- 51,932

The Three Bears Alaska Grocery Store property is situated on E Palmer-Wasilla Highway. There are more than 38,500 individuals residing within a five-mile radius of the property and more than 75,000 individuals within a ten-mile radius.

The subject property benefits from being well-positioned in a dense retail corridor consisting of local tenants, academic institutions and medical centers all within close proximity of this property. Tenants in the area include: Napa Auto Parts, Shell, Midnight Sun Athletic Club, The Chicken Coop, Burger Jim, Super Suds Carwash, Four Corners Lounge, Perkup Espresso, Pioneer Pizza, Alaska Art Glass, and Stay Golden Barber Shop, as well as many others. This Three Bears Grocery Store also benefits from its close proximity to several academic institutions. There are seven local elementary, middle, and high schools within a five-mile radius servicing over 1,500 students.

Additionally, Palmer Municipal Airport is located approximately seven miles from the subject property and serves over 310,000 passengers annually. Palmer Municipal Airport has seen a 3000% increase in passengers since 2011 when Spirit Airlines began serving the airport.