Listed by MAJ Commercial Real Estate
$4,195,000
Banfield Pet Hospital and Sharetea
Details
Property Type Retail
Sub Type Shopping Center, Commercial
Square Footage 5,800
Cap Rate 5.42%
NOI $227,400
Tenancy Multi
Lease Type NNN
Lease Term 10
Lease Options Two 5 Year Options
Year Built 2025
Acreage 0.580
Lease Commencement 04/08/2025
Ownership Fee Simple
Retail | 5.42% CAP | 5,800 SqFt
Marketing description
MAJ Commercial Real Estate is excited to present the opportunity to acquire a Multi-Tenant NNN Lease Investment located in Lacey, WA. The property is leased to Banfield Pet Hospital and ShareTea, which are both on brand new 10-year leases with two options to extend for 5-years. Banfield Pet Hospital and ShareTea are part of Pacific Station, which includes Co-Tenants such as, 7-Eleven, Chipotle, MOD Pizza and Five Guys Burgers and Fries. Pacific Station is ideally located at the intersection of Pacific Ave SE and Sleater Kinney RD SE, which is encompasses approximately 71,644 vehicles per day and just south (0.50 miles) of I-5. Some of the surrounding businesses include, Fred Meyer, Target, Starbucks, Chase Bank, Marshalls and more.
Investment highlights
- Situated on a controlled intersection (+/-71,644 VPD)
- Part of pacific station shopping center development
- Located in an income tax free state
Listing Contacts
Listed by MAJ Commercial Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$227,400.00
$18,950.00/mo
Valuation Metrics
0
DSCR
5.42%
Cap Rate
5.42%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
