The offering is a fully repurposed two-tenant, grocery-anchored retail property along the busiest arterial in North Seattle. This former successful Albertsons was forced to close during the Safeway merger and was demised and replaced by growing, publicly-traded Sprouts Farmers Market and TJX branded HomeGoods. Both tenants made long term commitments to the location with Sprouts signing a 15-year lease term and a 10-year term from HomeGoods. The leases are NNN with multiple option periods and scheduled rent increases every five years. Both tenants are publicly-traded companies and HomeGoods has an exceptional investment-grade credit rating under the TJX banner (S&P: A).

The Property is part of a larger retail shopping center in a growing submarket that services both value shoppers and multimillion dollar houses. This strategic grocery location provides for a passive investment in a like-new facility.