189 E Bakerview Rd - Freestanding FOR SALE


Bellingham, WA 98226- North Bellingham
$5,900,000 USD
424-356-5239
189 E Bakerview Rd, Bellingham, WA for Sale
$5,900,000 USD
Freestanding - FOR SALE
1/46
null | 5.52% Cap Rate

189 E Bakerview Rd
Bellingham, WA 98226
North Bellingham


HIGHLIGHTS

  • Petco just renewed for an additional ten years, showing strong commitment to the site after having been at the location for 20-years.
  • The Tenant is Petco Health & Wellness Company, Inc., a public company traded NYSE (“WOOF”). Petco is rated B1 Stable by Moody’s. The corporation has
  • Petco Upgraded the Facility in 2024
  • The Petco store at Bakerview Rd and Meridian Street offers an unbeatable combination of exceptional visibility, accessibility, and a prime location i
  • Petco is across the street from the Bellis Fair Shopping Mall with 94 stores, including JC Penney, Kohls, Macy’s, and Target as major anchors, and sc

OVERVIEW

KW Commercial is pleased to present a corporate net-leased Petco store in Bellingham, Washington. This is an opportunity for an investor to acquire a well-located Petco retail store with an attractive corporate 10-year net lease that features a 10% rental increase starting in the sixth year.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$488 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Petco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

C

APN/PARCEL ID

380318-056542-0000

ASK ABOUT THIS PROPERTY

Gary AminoffWestside Realty AdvisorsMore Info
424-356-5239

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Gary AminoffWestside Realty AdvisorsMore Info
424-356-5239

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.