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    910 Burlington Blvd Burlington, WA 98233

    For Sale
    $4,360,000

    High-Occupancy Retail Center in WA

    Property size:
    15,099 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 15,099 square foot retail shopping center in Burlington, WA, presents a compelling investment opportunity. Boasting 100% occupancy, the property features two prominent national tenants: Sherwin-Williams and Big 5 Sporting Goods. Sherwin-Williams, a Fortune 500 company, recently signed a new 10-year net lease with built-in rent increases. Big 5 Sporting Goods, a Nasdaq-listed company, has occupied the space since 1994 and recently exercised a 5-year lease extension. The property sits on a one-acre lot at a high-traffic intersection on Burlington Blvd, exceeding 22,000 vehicles daily, offering excellent visibility and accessibility. Built in 1994, this single-story building is situated on a hard corner pad site adjacent to a busy Fred Meyer Center, benefiting from significant foot traffic and regional draw. The asking price is $4,360,000, representing a compelling 6.24% cap rate and a price per square foot of $288.76. This stabilized investment offers long-term lease security with strong, creditworthy tenants and significant upside potential. The property's prime location and established tenancy make it an ideal addition to any portfolio. APN: P23561.

    Property Features for 910 Burlington Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    15,099 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    HighLights

    • 15,099 SF retail center in Burlington, WA, with 100% occupancy.
    • Two national tenants: Sherwin‑Williams (Fortune 500, new 10‑year net lease with rent increases) and Big 5 Sporting Goods (Nasdaq‑listed, 5‑year lease extension).
    • High‑traffic location on Burlington Blvd (22,000+ VPD), hard corner pad site adjacent to a Fred Meyer Center.
    • Asking price: $4,360,000, 6.24% cap rate, $288.76/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big 5 Sporting ... Sporting Goods Store Aguila Ammunition Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.3351253
    Latitude
    48.4678714

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    FAQs

    What type of property is this?
    Lifestyle center - High-Occupancy Retail Center in WA
    Where is this lifestyle center located?
    The property is located at 910 Burlington Blvd Burlington, WA.
    What is the asking price?
    The asking price for this property is $4,360,000.
    What are key features of this property?
    This property features: 15,099 SF retail center in Burlington, WA, with 100% occupancy.; Two national tenants: Sherwin-Williams (Fortune 500, new 10-year net lease with rent increases) and Big 5 Sporting Goods (Nasdaq-listed, 5-year lease extension).; High-traffic location on Burlington Blvd (22,000+ VPD), hard corner pad site adjacent to a Fred Meyer Center.
    Request Owner's contact information
    910 Burlington Blvd Burlington, WA 98233
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    Burlington, WA 98233
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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
    910 Burlington Blvd Burlington, WA 98233
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