Kirkland Central Retail Condos (Chase Bank Anchor) — Sale in Kirkland, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Kirkland, WA 98033
  • Year built: 2006

Photos

Kirkland Central Retail Condos (Chase Bank Anchor) — Sale in Kirkland, WA, photo 1 of 6
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Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is proud to offer for sale Kirkland Central Retail Condos, a five-suite, ground-floor retail opportunity in the heart of downtown Kirkland. Located at the ground level of the 110-unit Kirkland Central Condominiums and directly across from the Heathman Hotel, the property offers exceptional visibility and accessibility to nearly 10,000 downtown residents; daytime population exceeds 24,000. The property is 100% occupied with a diverse tenant mix, offering a generational opportunity to own trophy real estate in an extremely supply-constrained market. Anchored by Chase Bank and Kirkland Bakery, the property also includes service- and experience-oriented tenants with established consumer footholds in downtown Kirkland. Kirkland is one of the most affluent and supply-constrained markets on Seattle’s Eastside. Approximately 95,500 residents provide a large, dense customer base, while median household income of $167,600 and median home values exceeding $1.24 million support deep local spending power and high barriers to entry. Google contributes major daytime demand with more than 1.1 million square feet across its Kirkland Urban and Sixth Street campuses and local headcount exceeding 5,000 employees. EvergreenHealth adds a steady healthcare workforce, while proximity to Microsoft’s Redmond headquarters and Amazon’s growing Bellevue presence provides access to one of the nation’s largest concentrations of high-paying technology jobs. Walkable waterfront amenities, Totem Lake redevelopment, and limited land for new development support durable retail demand and long-term value appreciation. Investment Highlights: • 5 Retail Suites, 100% Occupied w/ NNN Leases - Anchored by Chase Bank and Kirkland Bakery, Majority of Leases Feature Annual Bumps and FMV Rents at Renewal • A+Trophy Location - Generational Opportunity to Own a 100% Occupied Retail Investment in Thriving Submarket on Seattle's Eastside • Extremply High Barriers To Entry and Supply Constrained R

Market Context

This retail in Kirkland, WA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2006. Compare it against other retail listings for sale in Kirkland, WA — view the full market.

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