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INVESTMENT HIGHLIGHTS
100% occupied neighborhood center with little-to-no historical vacancy
Hess Bakery & Deli and the German Pastry Shop have occupied 65% of the building for over 40 years, with an incredibly loyal customer base reflected in high ratings from over 1,000 Google reviews; both Tenants plan to extend their leases
Annual lift in base rent is provided by yearly CPI increases scheduled for all tenants
Lease extensions were recently executed for Marcus Anthony and Charisma School of Dance, with an extension currently being negotiated by Seller for Crossroads Counseling
The Property is exposed to over 32,000 VPD between two heavily trafficked intersections, with additional daily foot traffic provided by an adjacent 60k SF office building
Joint Base Lewis-McChord is the third-largest employer in Washington with over 110,000 active-duty members and family, located less than three miles from the Property
High-density surrounding residential base of over 235,000 residents within a 5-mile radius with average houshold incomes of $101K
