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Mount Vernon Center

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Mount Vernon Center

525 E College Way, Mount Vernon, WA 98273
Retail For Sale Available Built 1978 1 floors Zoning: C-2
Asking Price
$15,500,000
Total Building98,239 SF
Land356,321 SF land
Parking Total100
& Uncov.
ConstructionFramed
MarketSkagit County
CountySkagit

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
294712
Listing ID
712396
Type
Retail
Asset Class
Retail
Zoning
C-2

Description

We are pleased to present Mount Vernon Center, a 100,155 SF, 98% occupied neighborhood retail center located in the Puget Sound Region of Washington State. The property is anchored by Grocery Outlet and Ross Dress for Less, two leading value retailers representing 41% of the GLA, with staggered lease expirations that minimize rollover risk.The inline tenant base, spanning the main building and two adjacent strip centers, is anchored by long-tenured local operators, with approximately 34% of tenants having occupied the property for 14+ years. The service-oriented mix of tenants, including a laundromat, nail salon, mail services, and state agency offices, is largely insulated from e-commerce competition, while benefiting from the consistent foot traffic generated by the value anchors.Str

Listing Courtesy of:

KV
Kevin Verger
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Mount Vernon ZIP: 98273 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.