Petco

$5,900,000

189 East Bakerview Road, Bellingham, WA 98226

For Sale

Retail

Active

Last Updated: 02/21/2025

Details:

Cap Rate: 5.52%

NOI: $325,680

Building Size: 12,096 sqft

Lot Area: 2.39 acres

Occupancy: 100%

Units: 1

Year Built: 2003

Zoning: C1 - General Commercial

Floors: 1

Offered by

Gary Aminoff

Commercial Director

KW Commercial Beverly Hills

#CA:00499674

Request Info to Unlock

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.

The property is located at the intersection of Meridian and Bakerview, one of the busiest intersections in Bellingham, WA, with a daily traffic count of 42,678 automobiles.

New 10-Year Corporate Lease
Property Update Underway
97.4 Retail Occupancy in Bellingham
Freestanding Store
Tax-Free State
Management-free Investment
Ranked in top 10 of all stores in Washington
Petco continues to earn more market share