Single-Tenant Grocery NNN
For Sale
Contact for pricing
217 N Boone St, Aberdeen, WA 98520
Two single-tenant grocery convenience stores in Aberdeen and Hoquiam feature a 20-year absolute NNN lease.
Property SizeContact for details
Days on Market121
Property Features for 217 N Boone St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Kidder Mathews Seattle
(206) 296-9600
Listed By:
David Gellner · License #WA 112893
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 12:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Seattle
Investment Insights
Based on property information with market context.
The offering provides the opportunity to acquire two single-tenant sale-leaseback properties: Swanson’s Supervalu in Aberdeen, Washington and another Swanson’s Supervalu location in Hoquiam, Washington. Each property is covered by a 20-year absolute NNN lease that is personally guaranteed by the operator, with annual increases throughout the entire lease term.
A substantial renovation was recently completed by the tenant, which the offering states increased year-over-year sales and strengthened long-term security for future prospects. Both properties can be purchased separately or together.
A substantial renovation was recently completed by the tenant, which the offering states increased year-over-year sales and strengthened long-term security for future prospects. Both properties can be purchased separately or together.
Key Highlights
- Two single‑tenant sale‑leaseback properties: Swanson’s Supervalu in Aberdeen, WA and Hoquiam, WA
- Each property has a 20‑year absolute NNN lease personally guaranteed by the operator
- Annual lease payment increases throughout the entire 20‑year lease term for each property
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
354k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 24%
Apparel 19%
Shops & Services 10%
Walmart
Superstores
84,382 visits/mo
0.4 miles
McDonald's
Dining
29,075 visits/mo
0.4 miles
Marshalls
Apparel
28,610 visits/mo
0.4 miles
Taco Bell
Dining
23,116 visits/mo
0.5 miles
Ross Dress for Less
Apparel
22,936 visits/mo
0.3 miles
Demographics for 98520, WA
24,086
Population
9,333
Households
2.6
Avg Household Size
41
Median Age
14%
College-Educated
89%
High-School Grad
217.5 sq mi
ZIP Area
111
Density / Sq Mi
$59,744
Median Household Income
$34,591
Median Earnings
$1,034
Median Rent
$237,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Two single-tenant grocery convenience stores in Aberdeen and Hoquiam feature a 20-year absolute NNN lease.
Where is this nnn property located?
The property is located at 217 N Boone St Aberdeen, WA.
What are key features of this property?
This property features: Two single‑tenant sale‑leaseback properties: Swanson’s Supervalu in Aberdeen, WA and Hoquiam, WA; Each property has a 20‑year absolute NNN lease personally guaranteed by the operator; Annual lease payment increases throughout the entire 20‑year lease term for each property
