Lake Stevens Marketplace is located in one of the top retail trade areas in the Puget Sound Region with significant barriers to entry, strong retail sales, high occupancy levels, and $135k average household incomes.Lake Stevens Marketplace is one of three grocery anchored centers in the trade area, all of which are institutionally owned and operated. The offering presents a rare opportunity to acquire an institutional quality center at an attractive yield.Property Highlights:• The 6.75% as-is cap rate moves to 8% stabilized return-on-cost upon lease-up of the current vacancy• The Center is anchored by Rite Aid, Ace Hardware, and Dollar Tree, providing credit, stability and draw to the Center• All 3 anchor tenants have executed recent lease renewals• 73% of the income stream comes fr