Lakewood
Contact Information:
11013 Pacific Highway SW ("Lakewood"), is a former Costco-occupied property located in Lakewood, WA (Seattle MSA). Lakewood is a 9.82-acre site, including a freestanding, separately-parceled O'Reilly Auto Parts building. The property is well positioned for an adaptive reuse into a Neighborhood Fulfillment Center (NFC), as the former Costco building structure offers a large, open floor plate with sufficient clear heights, while also providing for an ample parking field (minimal building to land coverage), both of which should serve as a premium for potential occupiers in the land-constrained Seattle MSA. Lakewood is sandwiched between Interstate 5 – the heavily-trafficked and main north-south highway in Seattle MSA – and Pacific Hwy SW. The property’s positioning in the market allows for direct access to the surrounding area’s dense and affluent population base. Within a 30-minute drive of Lakewood, there are over 1 million people earning an annual average household income in excess of $94,000; these residents spend over $9 billion annually on retail, 17% of which is spent online.
GLA: 159,142
Major Tenants/National Retailers: O'Reilly Auto Parts
MSA: Seattle, WA
Total Available Spaces: 3
Site Plan
Map
Demographics
| DriveTime | 15 Min. | 30 Min. | 45 Min. |
|---|---|---|---|
| Population: | 318,990 | 1,000,000 | 2,000,000 |
| Avg. HH Income: | $88,403 | $109,869 | $114,796 |
| Median HH Income: | $66,535 | $83,787 | $86,882 |
| Annual Online Retail Sales Est.: | $401,000,000 | $1,700,000,000 | $3,200,000,000 |
| Online Retail: | 15.00% | 15.28% | 15.28% |