FOR SALE: Purchase of a retail condominium including one of Winslow’s Class A longest term tenants with a five-year guaranteed lease rate and rate of return, located in the sought-after, thriving downtown shopping core.
INVESTMENT: Incredible investment opportunity in Winslow on idyllic Bainbridge Island. Commercial condominium with an ongoing lease—setting up its buyer for ensured success with a guaranteed rate of return. Located on the first floor of The Winslow, promising ample foot traffic for its tenants. Floor-to-ceiling windows. This 3,113-square-foot condo features two common area bathrooms, a dynamic floor plan, and three reserved parking spaces plus 16 additional spots for visitors. Building amenities include plaza gardens and a fountain, elevator access, common area door-access system, and underground parking. Thriving downtown shopping core with plenty of local and visitor exposure alike. Take advantage of the convenience and security of inheriting tenants with a lease set to extend for over four years, and start planning for your future today.
LEASE AGREEMENT: Tenant: Furnish Bainbridge Leasable Sq Ft: 3,113 Term: Lease Termination on March 1, 2027, with one five-year option Cap rate: 4.37% Parking: 3 spaces reserved and 16 spaces for visitor/customer parking