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34397925
34397927

10 Pass Life Way, Snoqualmie Pass, WA 98068 For Sale

AH
WA WA 112910
Lee & Associates - Bellevue
Lee & Associates - Bellevue
Listed by Lee & Associates - Bellevue
$4,800,000
3 days on market
Updated 3 days ago

Pass Life Commercial Building - 100% Leased Investment Sale

Details
APN 957881
Property Type Retail, Business for Sale
Sub Type Restaurant, Bar (+1)
Square Footage 7,948
Cap Rate 6.58%
Occupancy 100%
Tenancy Multi
Brand/Tenant Commonwealth Restaurant, Dru Bru Brewery (+2)
Lease Type NNN
Year Built 2015
Acreage 0.640
Zoning Planned Unit Development
Investment Type Stabilized
Ground Lease No
Ceiling Height 18'

10 Pass Life Way, Snoqualmie Pass, WA 98068

Marketing description

Lee & Associates is pleased to present the opportunity to acquire Pass Life Commercial Building, a fully leased, +/-7,948-square-foot retail investment located in the heart of Snoqualmie Pass, Washington.

Constructed in 2015 as the commercial centerpiece of The Pass Life mixed-use development, the Property is home to an established collection of destination-oriented tenants including Commonwealth Restaurant, Dru Bru Brewery, and the Washington State Ski & Snowboard Museum. Together, these businesses serve a diverse customer base of local residents, outdoor enthusiasts, and the more than two million annual visitors drawn to Snoqualmie Pass throughout the year.

Unlike traditional mountain communities that rely primarily on seasonal tourism, Snoqualmie Pass benefits from exceptional accessibility--less than one hour from both Seattle and Bellevue via Interstate 90--and year-round recreation that drives consistent consumer demand. The combination of skiing, hiking, mountain biking, trail systems, and interstate traffic has established the Pass as one of Washington's premier outdoor destinations.

The Property offers investors immediate, stable cash flow from a fully leased tenant roster while providing long-term upside through future lease rollover in a highly supply-constrained market. Limited commercial inventory, barriers to new development, and continued investment in the surrounding community position Pass Life Commercial Building as a rare opportunity to acquire a landmark retail asset in one of the Pacific Northwest's most desirable recreation markets.

Investment highlights

  • 100% leased retail investment with established destination tenants
  • Located within The Pass Life, Snoqualmie Pass's premier mixed-use development
  • Less than one hour from Seattle and Bellevue via Interstate 90
  • More than 2 million annual recreation visitors per day and
  • Approximately 27,000 vehicles per day
  • High barriers to entry and limited competing commercial inventory
  • Opportunity for future rental growth through upcoming lease rollover

Listing Contacts

AH
WA WA 112910
Lee & Associates - Bellevue
Lee & Associates - Bellevue
Listed by Lee & Associates - Bellevue

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Additional Information

Name
Amanda Hahnemann
License
WA 112910
Brokerage
Lee & Associates Commercial Real Estate Services, LLC
Brokerage Phone
2068521640
Brokerage Address
170 120th Avenue Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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