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29481992
29481991

111 E North Bend Way, North Bend, WA 98045

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
TL
WA 24007779
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$1,250,000
127 days on market
Updated 17 days ago

Downtown North Bend Retail

Details
Property Type Mixed Use, Retail
Sub Type Storefront
Square Footage 4,574
Net Rentable (SqFt) 4,574
Units 3
Cap Rate 5.15%
NOI $64,425
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.37%
Pro-Forma NOI $92,152
Price per SqFt $273
Broker Co-Op Yes
Year Built 1929
Year Renovated 1995
Buildings 1
Stories 2
Acreage 0.120
Zoning DC - Downtown Commercial
Investment Type Net Lease
Tenant Credit No Credit Rating
Ground Lease No
Ownership Fee Simple

7.37% Pro-Forma Cap Rate*

Marketing description

BROWN RETAIL GROUP is pleased to present an exceptional investment opportunity in the heart of North Bend, Washington. Strategically positioned along E North Bend Way, the North Bend Retail Center offers excellent visibility and ease of access. The 4,574 SF property is fully leased to three tenants under NNN lease structures, all of which are short-term—offering flexibility for future repositioning, leasing at market rents, or potential owner user occupancy. Surrounded by some of Washington’s premier tourist destinations, the asset is well-positioned to benefit from consistent foot traffic driven by year-round tourism.

Investment highlights

Prime Retail Frontage

Significant Rental Upside

High Barrier to Entry

Excellent Location

Strong Market Fundamentals

Surrounding Development Activity

Listing Contacts

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
TL
WA 24007779
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,425.00
$5,368.75/mo

Valuation Metrics

0
DSCR
5.15%
Cap Rate
5.15%
ROI

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Additional Information

Name
Clayton J. Brown
License
WA 123258
Brokerage Phone
(206) 826-5787
Name
Trevor Lane
License
24007779
Brokerage
Marcus & Millichap
Title
Brokerage Coordinator
Brokerage Address
401 Union Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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