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1250 SW Erie St
Oak Harbor, WA 98277
Walmart · Retail Property For Sale
PROPERTY FACTS
About 1250 SW Erie St , Oak Harbor, WA 98277
Marcus & Millichap has been selected to exclusively market for sale the Walmart at 1250 SW Erie Street, Oak Harbor, WA. The building is approximately 101,703 square feet on a 10.65-acre lot, and situated in the retail core of Whidbey Island. Walmart built this store in 1998 and in December 2017 exercised its first 10-year option to renew, showing its commitment to the site. Walmart’s lease rate is significantly below market rent at $2.19/sf/yr + NNN, adding to the stability of the investment while providing tremendous rental upside. Additionally, within the last 18 months Walmart has performed a significant interior / exterior on the store, including a full roof replacement, interior remodel, new signage and replacement of the sprinkler and fire systems.
PROPERTY TAXES
| Parcel Number | R13203-211-4510 | Improvements Assessment | $10,836,390 |
| Land Assessment | $4,627,011 | Total Assessment | $15,463,402 |
PROPERTY TAXES
