Marketing Description:

We have been exclusively selected to market for sale Bridgeport Oaks Retail Center located in the affluent Seattle/Tacoma MSA. The Property is currently occupied with a diverse mix of service based tenants including H&R Block, Top Quality Cleaners, I PHO, Yes Nails & Wax and Center for Independence. All tenants at the Property currently operate on NNN leases allowing for reimbursement of nearly all expenses including management fee which provides a hedge against rising operating expenses. In 2025, the future owner will have the opportunity to increase Center for Independence rent to market to market rents, which is estimated to increase NOI by at least $15,000/year. All six leases feature annual rent increases during their initial lease terms. The Property features a total of six tenants,