Retail Business for Sale in Bellingham, WA

  • Price: $5.9M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Bellingham, WA 98226
  • Size: 12,096 SF
  • Year built: 2003

Description

This Petco store, which has occupied this site for 20 years, just entered into a new NNN corporate lease extension of ten years, showing their commitment to the location. It is a free-standing, 12,096 square foot building. The property shares a parking lot with the adjacent Walgreens. Petco upgraded the store in 2024. This Petco store, which has occupied this site for 20 years, just entered into a new NN corporate lease extension of 10 years, showing their commitment to the location. It is a free-standing, 12,096-square-foot building. The property shares a parking lot with the adjacent Walgreens. The annual NOI for the first five years is $325,680 (5.52% cap rate), and $358,200 (6.1%) for the second five years. The lease is for a ten-year term, with an increase of 10% starting in the 6th year. See the Offering Memo for detailed information. Click on Attachments or go to Deal Room for the OM. Building SF: 12096 | Land Size: 2.39 Ac | Year Built: 2003 | Listing Type: FOR SALE

Market Context

This retail in Bellingham, WA is listed for sale at $5,900,000 across 12,096 SF ($488/SF). It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2003. It has been on the market for 22 days. Compare it against other retail listings for sale in Bellingham, WA — <a href="/search/sale/retail/washington/bellingham">view the full market</a>.

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