910 Burlington BlvdBurlington, WA 98233

Property Details for 910 Burlington Blvd

Year built

1995

Lot size

1.00 AC

Property size (Sq ft)

14,955 SF

Property type

Retail space

APN

8013-000-001-0000

APU

80130000010000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,929,810

  6.5%

  $5,473,670

  7%

  $5,082,694

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,455,719

  Geo Method

  $7,257,686

• Alternative Use

  Use

  Valuation

  Residential

  $4,617,246

  Hospitality

  $4,229,372

  Educational

  $3,518,788

  Medical

  $3,639,804

  Retail

  $5,473,670

Location Insight

City

Burlington

County

Skagit

State

Washington

Latitude

48.4678

Longitude

-122.335

CBSA code

34580

CBSA name

MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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