The Market At Lake Tapps

19410 Highway 410 Bonney Lake, WA 98391

19410 Highway 410, Bonney Lake, WA, 98391
19410 Highway 410, Bonney Lake, WA, 98391
FOR SALE
Property Type:
Regional Center
Amount:
Please Call Broker for Price

Last Verified:
Oct 11, 2018

Highlights

  • PRICE: $27,590,800
  • CAP RATE: 6.00%
  • YEAR 1 NOI: $1,655,448
  • OCCUPANCY: 99%
  • SITE AREA: 15.10 Acres
  • PRICE PER SF: $349.51
  • PARKING: 517±
  • PAD TENANTS: Starbucks, Panda Express, Sprint, Jack in the Box, Bank of America, Best Tire, Jiffy Lube, Elephant Car Wash

Description

Shadow Anchored by Walmart Supercenter (NAP): The Market at Lake Tapps is conveniently adjacent to a Walmart Supercenter, offering everyday draw that circulates traffic through the center. The main building tenant mix includes Planet Fitness, Franciscan Health, Keller Williams, Comfort Dental, Domino’s, Fleet Feet Sports, Cigar Zone, GameStop, Subway, Pretty Nails, Mattress Depot, Supercuts, The Dog House, and Pacific Cleaners.

New Development: The Market at Lake Tapps is situated just north of a large master planned community called Tehaleh. The community began in 2012, and is planned to include 5,900 homes on approximately 4,200 acres. The project will have 10+ miles of trails weaving through the native terrain, 6 school sites serving 6-12 grades, some business and residential space, and more. This project will serve to provide current and future traffic to The Market at Lake Tapps.

Prime Location: Excellent frontage along Highway 410 with 42,000 cars per day, prominent monument signage along the signalized arterial. Bonney Lake is a significant city that is seeing serious growth in population and retail. A new Costco is near completion within 1 mile of the property. Walmart Supercenter anchors the center (NAP). Target, Lowes, Home Depot, Fred Meyer, and Safeway are all within 1 mile.

Located on Highway 410 between S. Prairie Rd. E. and 192nd Ave. E. in Bonney Lake, WA

Building Size: 78998.0sq ft
Lot Size: 8.66 acres

Map of 19410 Highway 410, Bonney Lake, WA, 98391

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.