10206 Wa-532 Stanwood, WA 98292
- Retail properties
- 2,312 SF
Current Use by Public Records
- Retail properties
Property Details for 10206 Wa-532
- Year built
- 1978
- Property size
- 2,312 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This 2,312 sq ft convenience store in Stanwood, WA, is situated on a busy State Route 532, boasting over 20,000 daily vehicle pass-bys. The property, built in 1978, sits on an 8,712 sq ft lot with 8 parking spaces and features a walk-in cooler and fully equipped kitchen. Currently operating as Bob's Market, it offers a turnkey transition with inventory available for purchase. The property enjoys a strong NOI of $77,767 (with a pro-forma NOI of $140,000 and a pro-forma cap rate of 12.74%), and a 7.08% cap rate. The asking price is $1,099,000. The MB1 zoning allows for diverse commercial uses. The property benefits from city water and sewer connections, facilitating seamless operations and future expansion. A new development across the street is expected to open in October 2024, bringing an additional 200 employees working three shifts. Financial statements for 2023 are available upon request. This presents a unique opportunity to acquire a well-established business with significant growth potential in a high-traffic location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stanwood
- County
- Snohomish
- State
- Washington
- Longitude
- -122.371
- Latitude
- 48.2412
