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Big 5 Sporting Goods 910 S Burlington Blvd

14,955 SF 100% Leased Retail Building Burlington, WA 98233 £3,440,040 (£230/SF) 6.24% Net Initial Yield

Executive Summary

This two-tenant center is occupied by Sherwin-Williams and Big 5 Sporting Goods on long-term leases. Sherwin-Williams recently signed a new, 10-year lease and Big 5 exercised a 5-year extension option to their original primary lease term that started in 1994. The Sherwin-Williams Company (NYSE: "SHW"), ranked #175 on the Fortune 500 list, has signed a new 10-year net lease to a strong and growing corporate tenant. The lease includes scheduled rental increases in the option periods. Rated "BBB" by Standard & Poor's, Sherwin-Williams has demonstrated robust financial performance, growing its EPS by 11% per year over the last three years.
Big 5 Sporting Goods, a publicly traded company on Nasdaq under the ticker BGFV, has been the original tenant of the building since its construction in 1994. Recently, Big 5 executed a 5-year renewal at the market lease rate, reinforcing its long-term commitment to the location.
Situated on Burlington Blvd, the primary north/south commercial arterial, this hard corner location boasts traffic counts exceeding 22,000 cars daily. It offers multiple ingress and egress points and is a pad site to a busy Fred Meyer Center.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,955 SF
Building Class
B
Year Built
1995
Price
£3,440,040
Price Per SF
£230
Net Initial Yield
6.24%
NOI
£214,658
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.37
Land Acres
0.92 AC
Parking
44 Spaces (2.94 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Johnny Carino's Italian
Banner Bank
Red Robin Gourmet Burgers And Brews
Starbucks
Planet Fitness
Fred Meyer
Chase
Haggen
KeyBank
Umpqua Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
P23561
Land Assessment
£900,801
Improvements Assessment
£1,111,149
Total Assessment
£2,011,950
  • Listing ID: 33842245

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 910 S Burlington Blvd, Burlington, WA 98233

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