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.
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
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.
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