APRO-Anchored Retail and Office
4909 - 4913 Lacey Blvd SE Lacey, WA 98503
4909 - 4913 Lacey Blvd SE, Lacey, WA, 98503
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For Sale
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Anchored strip center includes leased convenience/gas space and additional office and retail tenants with NNN-style charges.
Property Size5,600 SF
Lot Size0.81 Acres
Days on Market102
Property Features for 4909 - 4913 Lacey Blvd SE
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 0.81 Acres
- Property subtype
- Retail
Listing agency
Seattle Commercial Real Estate LLC
Listed by
Jack Richlen · License #WA
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 1:54AM Checked: Jul 21 at 1:54AM
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 Seattle Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This offering includes an APRO-anchored retail strip center and a freestanding building configured as a multi-tenant assemblage on the southeast corner of Ruddell Road and Lacey Boulevard SE. The corner parcel includes approximately 21,548 square feet of land with a 4,080-square-foot building, with 2,880 square feet leased to APRO LLC and the remaining 1,200 square feet leased to a non-profit entity under a letter of intent for a three-year term commencing later in 2022, with additional option rights. Tenant obligations in the APRO lease include reporting annual sales and gallonage and providing an EBITDA report, and the tenant is fully responsible for HVAC maintenance and replacement, while roof maintenance is included in CAM charges with pro rata responsibility for roof replacement treated as a capital improvement.
A second adjacent parcel totals approximately 13,670 square feet and includes a building of approximately 1,520 square feet, continuously leased to a Liberty Tax franchise for nearly twenty years. The listing notes that the office and Liberty leases include clauses allowing cancellation for development and/or redevelopment, and that the APRO lease expires in 2030 with no extension after the tenant’s exercise of the 2025 option. The NNN charges include a pro rata share of a $1,000,000 liability insurance policy for environmental protection, and the public remarks state that all surveys and environmental reports are current.
A second adjacent parcel totals approximately 13,670 square feet and includes a building of approximately 1,520 square feet, continuously leased to a Liberty Tax franchise for nearly twenty years. The listing notes that the office and Liberty leases include clauses allowing cancellation for development and/or redevelopment, and that the APRO lease expires in 2030 with no extension after the tenant’s exercise of the 2025 option. The NNN charges include a pro rata share of a $1,000,000 liability insurance policy for environmental protection, and the public remarks state that all surveys and environmental reports are current.
Key Highlights
- Opportunity Zone anchored strip center at the SE corner of Ruddell Road and Lacey Boulevard SE, plus an adjacent freestanding building site
- Corner parcel: 21,548 SF land with a 4,080 SF building; 2,880 SF leased to APRO LLC convenience/gas
- APRO lease includes annual rent increases to $128,125 with 2.5% annual increases; APRO lease expires in 2030 with no extension after the 2025 option
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Lacey Village Shopping Center — Lacey, WA 98503
- Lacey Downs Plaza — 5805 Lacey Blvd SE, Lacey, WA 98503
- Market Square — 700 Sleater Kinney Rd SE, Lacey, WA 98503
- Coinstar Kiosk | Bitcoin ATM — Kroger - Fred Meyer Inc, 700 Sleater Kinney Rd SE, Lacey, WA 98503
FAQs
What type of property is this?
Shopping center - Anchored strip center includes leased convenience/gas space and additional office and retail tenants with NNN-style charges.
Where is this shopping center located?
The property is located at 4909 - 4913 Lacey Blvd SE Lacey, WA.
What are key features of this property?
This property features: Opportunity Zone anchored strip center at the SE corner of Ruddell Road and Lacey Boulevard SE, plus an adjacent freestanding building site; Corner parcel: 21,548 SF land with a 4,080 SF building; 2,880 SF leased to APRO LLC convenience/gas; APRO lease includes annual rent increases to $128,125 with 2.5% annual increases; APRO lease expires in 2030 with no extension after the 2025 option
