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    8151 Palmer-Wasilla Hwy Palmer, AK 99645

    Sponsored
    For Sale
    Contact for pricing

    High-volume grocery store with gas station

    Property size:
    51,932 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity features a 51,932 square foot Three Bears Alaska Supermarket and gas station located at 8151 E Palmer-Wasilla Hwy, Palmer, AK 99645, in the Matanuska-Susitna Borough. The property sits on approximately 4.85 acres of land and is subject to a triple-net (NNN) lease with a prominent tenant. The current lease, originally a 15-year agreement commencing October 11, 2007, has been renewed for an additional 10 years, extending the term to October 11, 2032. This ensures long-term, stable income for the investor. The supermarket enjoys a high-volume sales exceeding $1,200 per square foot. The property benefits from its strategic location within a dense retail corridor, close to other businesses including Napa Auto Parts, Shell, and various restaurants and services. Its proximity to seven local schools serving over 1,500 students and the Palmer Municipal Airport (serving over 310,000 passengers annually and experiencing significant growth) further enhances its appeal and potential for continued success. The substantial population within a five-mile (38,500+) and ten-mile (75,000+) radius guarantees a strong customer base. This is a rare opportunity to acquire a well-established, high-performing retail asset in a thriving Alaskan market. The property is unpriced.

    Property Features for 8151 Palmer-Wasilla Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    51,932 SF

    Building Details

    Stories
    1

    HighLights

    • 51,932 SF Three Bears Alaska Supermarket & gas station on ~4.85 acres.
    • NNN lease with a prominent tenant extending to October 11, 2032.
    • High‑volume sales exceeding $1,200 per square foot.
    • Excellent location in a dense retail corridor near other businesses and seven schools serving over 1,500 students.
    • Strong demographics: 38,500+ within five miles and 75,000+ within ten miles, plus proximity to Palmer Municipal Airport (310,000+ annual passengers).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Map

    City
    Palmer
    County
    Matanuska-Susitna
    State
    Alaska
    Longitude
    -149.24435939899
    Latitude
    61.59937901346

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    FAQs

    What type of property is this?
    Individual retail property - High-volume grocery store with gas station
    Where is this individual retail property located?
    The property is located at 8151 Palmer-Wasilla Hwy Palmer, AK.
    What are key features of this property?
    This property features: 51,932 SF Three Bears Alaska Supermarket & gas station on ~4.85 acres.; NNN lease with a prominent tenant extending to October 11, 2032.; High-volume sales exceeding $1,200 per square foot.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8151 Palmer-Wasilla Hwy Palmer, AK 99645
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