CONTACT: Jason Witt I jason.witt@lemrx.com I (925) 683-4489 5.74% Initial Term blended cap rate Limited retail availability in high growth Puget Sound suburb. The property sits at the retail gateway to one of the largest industrial development sites in the Puget Sound area. High-traffic intersection experiences approximately 65,000 vehicles per day. The lease is set to commence in September 2024 with an initial term of 10 years and three 5-year options to extend. There are scheduled rental increases every 5 years throughout both the initial and option terms of the lease. The first rental increase of approximately 10% is scheduled for Year 6 of the initial term. *Property is a part of "Frederickson Place" center. Common Area expenses, paid by Landlord, average approximately $150/mo.*