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698 Ocean Shores Blvd NW
Ocean Shores, WA 98569
Asking Price
$1.90M
Cap Rate
6.33%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Coastal WA Strip Center $152/ft | 8.3% Pro Forma Cap Rate <ul><li>Excellent retail location situated in the heart of Ocean Shores' main retail corridor. The property at the main entrance to Ocean Shores Beach and is surrounded by hotels, motels and the Convention Center</li><li>Potential to increase NOI $30k by converting tenants to NNN leases</li><li>Located in an Opportunity Zone Investment Area</li><li>In-place leases have annual rent increases of 2.5%, ensuring steady and predictable cash flow.</li><li>One of Washington's most popular coastal
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96