Documents
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Key facts
| Year Built | 2000 |
| Building Area Net |
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| Land Area Net |
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Property description
JLL, as exclusive advisor for the seller, is pleased to present the opportunity to acquire or lease the 100% fee simple interest in 9309 N Davies Road in Lake Stevens, WA (the “Property”). The Property is currently vacant, offering an exciting opportunity for a new owner user or investor to enter a supply constrained market. Adjacent to the highly trafficked SR 9 and SR 204 corridor, the Property offers the rare opportunity to invest in Lake Stevens’ most active retail market.
Investment highlights
- Located in Frontier Village, Lake Stevens’ primary retail market
- Near-term upside potential to bring property to market rents
- Directly across from one of the most visited Safeways in the United States (top 4%), receiving 1.2 million visits in the last 12 months
- Low vacancy market (2%) with zero square feet under construction
- Excellent demographics with average household incomes over $117,000 within a 3-mile radius
- In between two new roundabouts, increasing access and visibility
- New 1-lane roundabout at N Davies Road and Vernon Road
- New 2-lane roundabout and creation of a new intersection of SR 9, Davies Road, and Vernon Road
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