Normandy Park Village

Linc Properties is pleased to present the sale offering for the Normandy Park Village Retail Center in Normandy Park, Washington. This offering is a rare investment opportunity for the savvy investor who desires the unique combination of stable long term leases from solid and successful tenants along with the opportunity to “add value” through strategic management.

Normandy Park Village is a nice quality retail and service center prominently located on a busy corner of Highway 509 (1st Ave. S.) only minutes South of the City of Seattle. The center’s high profile location offers easy access for a broad customer base surrounding the centralized City of Normandy Park including dense areas of Burien, Des Moines and Seatac. Additionally, the proximity near the “fastest growing top 20 U.S. Airport”, SeaTac International, adds to the promising future for this investment.

The investment features two stable near 10 year guaranteed leases representing 49% of the leasable area all with 3% annual fixed rental increases. Together, the favorable features of this unique and well positioned offering present an excellent opportunity for the long term Investor.

PROPERTY INFO

Purchase Price:

Opportunity Type:

Total Land Area:

Zoning:
$3,750,000

Retail Center

27,007 S.F. (approx.)

NC (Neighborhood Center)

Please register here for the OFFERING MEMORANDUM

PROPERTY HIGHLIGHTS

  • Stable 10 Year Lease from Anchor Tenant
  • 3% Annual Rent Increases
  • 49% of Space Long Term
  • 6% Capitalization Rate
  • Great Long Term Growth Potential

DUE DILIGENCE

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