1999 Pacific Ave
Woodland, WA 98674
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 75% of the income derives from tenants who have occupied the center for 9+ years.
- National tenants make up 77% of the GLA, 3 of which have occupied the center since being built in 2008.
- Drive-thru Starbucks with a rent of roughly 50% of typical new builds. Exercised second 5-year option in 2023.
- 5 tenants with 3% annual bumps.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
9,950 SF
Building Class
B
Year Built
2008
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.00 AC
Zoning
C-2 Highway Commercial
Parking
48 Spaces (4.82 Spaces per 1,000 SF Leased)
Frontage
181’ on Pacific Ave
PROPERTY TAXES
| Parcel Number | 5-042709 | Improvements Assessment | $1,332,880 |
| Land Assessment | $522,720 | Total Assessment | $1,855,600 |
