Normandy Park Towne Center - Building #5
Retail | 6.50% CAP | 28,687 SqFt
Marketing description
TENANTS: Grocery Outlet & Auntie’s Playhouse
Normandy Park Towne Center offers investors a rare opportunity to acquire a 100% leased, grocery-anchored neighborhood shopping center in the high-income, affluent suburb of Normandy Park, WA, just south of Seattle. The offering features high-quality construction, excellent access and visibility, strong NOI growth potential, and a stable, diversified tenant roster, making it a compelling investment in a thriving, supply-constrained market.
Investment highlights
Grocery Outlet Anchored
100% Leased
Contracted Rental Increases
Captive neighborhood trade area
Attractive, high-quality construction
Extremely high-income trade area with average household incomes in excess of $170,000 within 1-mile of the property
Barriers to entry with minimal competition
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