Listed by Northmarq - Seattle, Northmarq
Unpriced
Marysville Town Center
Details
Property Type Retail, Business for Sale
Square Footage 239,989
NOI $2,722,875
Occupancy 99%
Tenancy Multi
Year Built 1988
Acreage 15.410
Ground Lease Yes
Top 5 Albertsons, Now Rebranded Safeway-Anchored Shopping Center on a Ground Lease
Marketing description
Northmarq is pleased to present the exclusive opportunity to acquire Marysville Town Center, a 239,989 SF grocery-anchored shopping center located directly off Interstate 5 in Marysville, Washington, one of the fastest-growing cities in Snohomish County and the second-largest city in the county by population. The center is 99% occupied and anchored by Safeway, operating under a ground lease at $3.16/SF, well below market rate, with a lease running through April 2037. The location was converted from an Albertsons to a Safeway banner given its standing as a top 5 performing Albertsons store.
Investment highlights
- CALL FOR OFFERS JUNE 16, 2026
- Grocery-Anchored, Seattle MSA: 239K SF center in fast-growing Marysville (+20% pop since 2010; incomes +17% by 2028).
- Safeway Secured: Ground lease at $3.16/SF (below market) through 2037; rebranded in 2024.
- Vacancies Resolved: Rite Aid → Fitness Compound; Big Lots → Urban Air (both 10-year deals).
- BECU Pad: 4,000 SF BTS at $50/SF NNN, 10-year term.
- Mark-to-Market: Multiple tenants well below market (e.g., Safeway, Burlington, JC Penney, Staples).
- Outparcel Upside: Prior pad sales; additional monetization ahead.
- Strong Submarket: Snohomish County growth driven by Boeing Everett Factory, Amazon Fulfillment Center Arlington, and Paine Field Airport.
- Pipeline: $73M mixed-use under review in Marysville.
Listing Contacts
Listed by Northmarq - Seattle, Northmarq
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$2,722,875.00
$226,906.25/mo
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