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INVESTMENT HIGHLIGHTS
Absolute NNN lease with zero Landlord responsibilities including roof & structure.
15 years remaining with a recent 10-year extension extending the lease expiration to 2040.
Strong annual sales with a low rent-to-sales ratio.
Near-term 10% rent increase scheduled for May 2026 with additional 10%-14% rent increases scheduled for every 4-5 years thereafter. Overall return increases 200bps within the primary term.
High average household incomes of $123k within a 3-mile radius.
Part of the 226,000 SF Albertsons-anchored Marysville Town Center, which boasts strong sales and nearly 1 million annual visitors, and is reportedly the #5 Albertsons in Washington State (Per Placer.AI). This Albertsons is not on the C&S disposition list should the Kroger merger go through.
Located at the prominent intersection of Fourth Street and State Ave. with direct access to Interstate 5, exposed to over 150,000 vehicles per day. Tenant remodeled the building’s exterior in 2014 to a more modern footprint with new stucco siding accented with brick, in addition to the removal of the sloped mansard-style roof.
