18520 33rd W Ave Lynnwood, WA 98037-4726
Alderwood Plaza offers exceptional retail and restaurant opportunities in Snohomish County. This 175,387 square foot strip center boasts a prime location directly across from Alderwood Mall, a major 1.5 million square foot regional shopping destination, and a Loews 16-screen cinema. The property benefits from strong anchor tenants such as HomeGoods, Guitar Center, Big 5 Sporting Goods, Ross Dress for Less, and Albert Lee Appliance, ensuring high foot traffic and brand recognition. A robust restaurant presence is already established with Red Robin, Buffalo Wild Wings, and 85°C Bakery Cafe. Three suites are currently available, ranging from a minimum of 1,050 square feet to a maximum contiguous space of 22,255 square feet. The property sits on a 16.71-acre lot and offers excellent visibility and accessibility. The center draws customers from a wide area, serving over 140,000 households within a 5-mile radius, boasting an average household income exceeding $153,000. Currently, 24,670 square feet of space is vacant, presenting a unique opportunity for businesses seeking high-visibility locations in a thriving retail environment. This is an ideal location for businesses seeking to capitalize on the strong demographics and established retail presence of this premier shopping destination.
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SKECHERS Warehouse Outlet Clothing & Fashion Store (Bike/Boat/Book/etc) Store
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Alderwood Plaza Shopping Center & Mall
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Ross Dress for Less Clothing Store Department Store
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Amazon Locker - Token Postal Service Courier Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PRC · Lynnwood, WALynnwood. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.