Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 8151 Palmer-Wasilla Hwy
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palmer
- County
- Matanuska-Susitna
- State
- Alaska
- Longitude
- -149.244
- Latitude
- 61.5994
