9010 Market Place_Property for Sale
9010 Market Place_Property for Sale
9010 - 9020 Market Place, Lake Stevens, WA, 98258, US

9010 Market Place

Portfolio description

JLL, as exclusive advisor, is pleased to offer the opportunity to acquire 9010 Market Place (hereafter the “Property”), a 2018 construction Bartell-Drugs anchored retail development in Lake Stevens, WA. The offering features two standalone buildings totaling 21,088 square feet 100% leased to two tenants, Bartell Drugs and RAM Restaurant & Brewery. Located at the junction of Hwy 9 and SR 204, the Property garners significant daily traffic volume (22,000 and 35,000 VPD, respectively). The Property’s high visibility has generated meaningful results for its tenants, with the RAM Restaurant & Brewery’s trailing 12-month sales exceeding $500 PSF.

Located in one of the fastest-growing suburbs of Seattle, Lake Stevens continues to see in-migration of residents seeking a well-amenitized suburban lifestyle evidenced by population growth averaging 3.76% over the last decade. Notable regional employers in the aerospace and manufacturing industries contribute to an average household income of $140,126, 25% higher than the state average. With limited retail development in the area, the Property is well-positioned to serve a captive customer base.

Sources: PlacerAi, CoStar, ESRI



Asking Price
Building area Net
1,959 m²
Land area net
1.00 ha (9,955 m²)
Cap Rate
9010 Market Place (2 Properties)
9010 Market Place (2 Properties)


Investment Highlights

  • 100% net leased with fixed-renewal options
  • High visibility location
  • High-earning customer base
  • Durable cash flow from stable tenancy
  • High barriers to entry
9010 Market Place 4_Property for Sale
9010 Market Place 4_Property for Sale

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Last updated
20 Jul 2023