Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 21, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



PACIFIC NORTHWEST NEWS
Printer-friendly Version   Email an Associate
Single-Tenant Retail Asset in Kingston, WA Sells for $6 Mil

4/15/19

A single-tenant, 17.3k sf freestanding property fully occupied by Rite Aid in Kingston, WA sold for $6 mil, or $347/sf. The property, located at 27000 Miller Bay Road NE, features a corporate guaranteed triple-net lease by Rite Aid Corporation with nine years remaining.

Built in 2007, the property is situated on 2.16 acres and includes a drive-thru. It is well-located at a signalized intersection of Miller Bay Road NE and State Route 104.

The buyer was a California-based family investment entity. Ryan Tomkins with SRS’ National Net Lease Group represented the seller, a U.S.-based investment fund.

“This property offers the buyer a strong retail brand adjacent to an Albertsons-anchored retail center in a market where barriers to entry are very high,” said Tomkins. “Additionally, this Rite Aid is one of only two pharmacies within a large radius, making it a successful location for Rite Aid.”




Return to the previous page


 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media