Freestanding Retail Building with Corporate
189 East Bakerview Road, Bellingham, WA 98226
Freestanding 12,096 SF retail building with long-term corporate lease.
Type:SCR
Property size:
12,096 SFPrice / SF:
$487/SF- Added:
- Dec 2, 2023
- Days on Market:
- 904
- Last Refresh:
- Apr 3 at 5:02 am
Property Features for 189 East Bakerview Road
General Information
- Standard status
- Active
- Size
- 12,096 SF
- Property subtype
- SCR
Building Details
- Year Built
- 2003
Listing agent Gary Aminoff License #00499674, California (310) 387-6900
Listing office KW Commercial | Beverly Hills (310) 387-6900
Listing date Dec 2, 2023
Source Realnex
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All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Beverly Hills
HighLights
- New 10‑year NNN corporate lease extension demonstrates Petco's commitment to the location and provides long‑term stability.
- Enjoy a solid Annual Net Operating Income (NOI) of $325,680 for the first five years (5.52% cap rate).
- Free‑standing, 12,096 square foot building.
- NOI increases to $358,200 (6.1% cap rate) for the second five years of the lease.
- Petco recently upgraded the store in 2024.
- Shares a parking lot with Walgreens.
Overview
The property is a freestanding 12,096-square-foot retail building. The building shares a parking lot with an adjacent Walgreens. The property is occupied by a Petco store, which has been at this location for 20 years. Petco recently upgraded the store in 2024 and has demonstrated commitment to the location by entering into a new ten-year NNN corporate lease extension. The lease includes a 10% increase starting in the 6th year.
Property Profile
Location Intelligence
Current Use by Public Records
Petco Vaccination Clinic
Veterinary Clinic
Petco
(Bike/Boat/Book/etc) Store
Petco Dog Training
Animal Training
Petco Grooming
Pet Grooming Service
Location Insight
- Map
- Local Demand
- City
- Bellingham
- County
- Whatcom
- State
- Washington
- Longitude
- -122.484166
- Latitude
- 48.789794
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Freestanding 12,096 SF retail building with long-term corporate lease.
Where is this nnn property located?
The property is located at 189 East Bakerview Road Bellingham, WA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: New 10‑year NNN corporate lease extension demonstrates Petco's commitment to the location and provides long‑term stability.; Enjoy a solid Annual Net Operating Income (NOI) of $325,680 for the first five years (5.52% cap rate).; Free‑standing, 12,096 square foot building.
