Key Investment Highlights
Prime Corner Lot Retail Property for Sale
Located at the signalized intersection of North Texas Street and East Alaska Avenue, this high-visibility retail building benefits from ±23,000 daily vehicle traffic. The corner lot’s exposure and accessibility makes it ideal for both investors and owner-users.
Income-Producing Property with Value-Add Potential
Current NOI: $66,687
Pro Forma NOI: $101,803
This multi-tenant retail property features a stable anchor tenant (Papa Murphy’s) with a lease through 2028. Upside potential exists in re-leasing month-to-month spaces at higher market rates, providing opportunities for investors seeking value-add retail investments.
Owner-User Opportunity
Approximately 5,000 SF is available on a month-to-month basis, providing flexibility for an owner-operator to occupy part of the space while generating income from existing tenants.
Strategic Market Position
Located in a dense trade area with strong demographics:
1-Mile Radius: Population of 26,399; Average Household Income of $87,629
3-Mile Radius: Population of 107,334; Average Household Income of $101,844