Buck Way Professional Center Listing Details & Market Data

Kidder Mathews is pleased to present the Buck Way Professional Service Center, a 100% occupied, two-tenant center leased to Evergreen Home Lending and NextHome Preview Properties, a residential real estate company. Evergreen Home Lending recently executed a new 3-year lease and NextHome Preview Properties will execute a new 2-year extension to commence at closing. The property benefits from its proximity to I-5 and direct frontage on East College Way, a major daily-needs retail corridor with over 24,000 vehicles per day. The property has been well maintained and was recently upgraded with a new roof in 2020. 100% OCCUPIED: Professional service building, benefiting from excellent co-tenancy and a probusiness community. HIGHLY VISIBLE LOCATION: Situated along the I-5 corridor and on East College Way, the town's main thoroughfare, with over 24,000 VPD. WELL MAINTAINED: The property is well maintained and benefits from recent capital improvement including a new roof in 2020. COMMITTED TENANTS: NextHome Preview Properties has occupied the space since 1999 and will be executing a 2-year lease extension with options at the time of closing. MINIMAL LANDLORD RESPONSIBILITY: The tenants operate on NNN and fixed modified gross leases, requiring minimal landlord responsibility. GREAT LOCATION: The property benefits from a population of over 60,000 with an average household income of $82,000 within a 5-mile radius.