Lake City Square
3018 NE 125th St.
Seattle, WA 98125
Lake City Square is a 100% leased, Bartell Drugs anchored center in Seattle, Washington. This asset benefits from a solid credit tenant line-up, an excellent anchor, strong contracted rental increases and long-term tenants. The center is located at an intersection of two major arterials in a dense urban in-fill submarket approximately 15 minutes from downtown Seattle.
100% LEASED INVESTMENT - A historically-stable center with strong, daily needs focused tenants.
BARTELL DRUGS ANCHORED - Bartell Drugs provides a strong draw and stability to the center. Bartell Drugs total visits: 89,300 YTD (ranked 9th out of 50 Washington Bartells) according to Placer.ai data.
STRONG CREDIT TENANTS - National and regional tenants represent 91% of the income stream including Bartell, Homestreet Bank, BECU, T-Mobile, Panda Express, FedEx, and H&R Block.
LOW TENANT TURNOVER - 7 of 9 tenants representing 94% of the GLA have been tenants in the center since 2007.
DENSE URBAN SUBMARKET - The demographic base within a 5-mile radius of the property has a population over 433,000 people with average household incomes of $132,880.
HIGH TRAFFIC LOCATION - The center is located at a signalized intersection of Lake City Way (SR 522) and NE 125th where traffic counts exceed 30,000 cars per day.