8030 Railroad Ave SE - Supermarket FOR SALE


Snoqualmie, WA 98065
$2,475,000 USD
206-826-5784
8030 Railroad Ave SE, Snoqualmie, WA for Sale
$2,475,000 USD
Supermarket - FOR SALE
1/4
null | 6.3% Cap Rate

8030 Railroad Ave SE
Snoqualmie, WA 98065


HIGHLIGHTS

  • 30+ year anchor tenant
  • 130’ of frontage along Highway 202
  • In-place lease rates average 40% below market
  • Minutes from Snoqualmie Falls, visited by over 1.5 million people annually

OVERVIEW

THE VARA GROUP is pleased to present the exceptional investment opportunity in the heart of Snoqualmie, WA. The Snoqualmie Market Retail Center offers investors the chance to own a historic staple of the downtown strip with 130 feet of frontage along Highway 202. The asset is currently occupied by 4 tenants operating on NNN leases. Centered in an area surrounded by Washington’s most impressive tourist destinations, the retail center supports thousands of travelers every year.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Snoqualmie Market Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

BR1

APN/PARCEL ID

784920-0495

ASK ABOUT THIS PROPERTY

Raymond 'RJ' VaraMarcus & MillichapMore Info
206-826-5784

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Raymond 'RJ' VaraMarcus & MillichapMore Info
206-826-5784

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