Towne Square Retail Center (Status: New)

1700, Mile Hill Dr, Port Orchard, WA  98366

VALUE ADD IN VESTMENT – The Property offers an investor numerous ways to add-value including fully renovating the center, raising rents, converting gross leases to NNN and redeveloping the pad site.

GROCERY ANCHORED – The Property is anchored by Grocery Outlet who signed a new 10-year lease in May, 2019.

HIGH-YIELD INVESTMENT – With available loan programs at 65% LTV, the Property offers an investor an 13% Cash on Cash return in the first year of ownership.

STRONG ANCHOR TENANTS – The Property is anchored by Grocery Outlet on a new 10-year lease as well as Ace Hardware and Goodwill, both having occupied the center since, 1997 and 2007, respectively.

Listing Details

Asset Class: Retail
Year Built: 1981
Building Total Square Feet: 154604
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: General Commercial

CBA

Listing Courtesy of: Marcus & Millichap, Inc.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, DBA North Sound Commercial and should be verified by the buyer, seller, or tenant.

Location

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