For Sale
$4,360,000

910 Burlington Blvd Burlington, WA 98233

High-Occupancy Retail Center in WA

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 15,099 square foot retail shopping center in Burlington, WA, presents a compelling investment opportunity. Boasting 100% occupancy, the property features two prominent national tenants: Sherwin-Williams and Big 5 Sporting Goods. Sherwin-Williams, a Fortune 500 company, recently signed a new 10-year net lease with built-in rent increases. Big 5 Sporting Goods, a Nasdaq-listed company, has occupied the space since 1994 and recently exercised a 5-year lease extension. The property sits on a one-acre lot at a high-traffic intersection on Burlington Blvd, exceeding 22,000 vehicles daily, offering excellent visibility and accessibility. Built in 1994, this single-story building is situated on a hard corner pad site adjacent to a busy Fred Meyer Center, benefiting from significant foot traffic and regional draw. The asking price is $4,360,000, representing a compelling 6.24% cap rate and a price per square foot of $288.76. This stabilized investment offers long-term lease security with strong, creditworthy tenants and significant upside potential. The property's prime location and established tenancy make it an ideal addition to any portfolio. APN: P23561.

Highlights

  • 15,099 SF retail center in Burlington, WA, with 100% occupancy.
  • Two national tenants: Sherwin-Williams (Fortune 500, new 10-year net lease with rent increases) and Big 5 Sporting Goods (Nasdaq-listed, 5-year lease extension).
  • High-traffic location on Burlington Blvd (22,000+ VPD), hard corner pad site adjacent to a Fred Meyer Center.
  • Asking price: $4,360,000, 6.24% cap rate, $288.76/SF.

Property Details for 910 Burlington Blvd

Property type
Lifestyle centers, Power centers
Square Feet
15,099 SF
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Burlington
County
Skagit
State
Washington
Latitude
48.4678714
Longitude
-122.3351253

FAQs

What type of property is this?
Lifestyle center - High-Occupancy Retail Center in WA
Where is the lifestyle center located?
The property is located at 910 Burlington Blvd Burlington, WA.
What is the asking price?
The asking price for this property is $4,360,000.
What are key features of this property?
This property features: 15,099 SF retail center in Burlington, WA, with 100% occupancy.; Two national tenants: Sherwin-Williams (Fortune 500, new 10-year net lease with rent increases) and Big 5 Sporting Goods (Nasdaq-listed, 5-year lease extension).; High-traffic location on Burlington Blvd (22,000+ VPD), hard corner pad site adjacent to a Fred Meyer Center.
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910 Burlington Blvd
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