Property Overview
Investment Highlights
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National Credit Tenant Strength
Westlake Hardware is Ace Hardware's largest subsidiary, and operates 150+ U.S. stores, backed by Ace’s 5,200+ store network across 70 countries.
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NNN Lease Structure
Properties operate under a NNN Lease Structure, where the Tenant is responsible for Property Taxes, Insurance, CAM, Utilities, and building-level repairs; minimizing landlord responsibilities.
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Long-Term Tenant Commitment
Tenant recently excerised their Renewal Option for another 5-Year Term for all five locations, showcasing their commitment to the future.
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Strong Financial Performance
Rent/Sales Ratio ranges between 2-4% per location, indicating a healthy long-term future for not only the Tenant but the Landlord.
Location Overview
Located across Grays Harbor and Pacific Counties in coastal Washington, the portfolio benefits from year-round tourism, maritime industry, healthcare, and regional service employment. Aberdeen is the largest trade hub, supported by major employers, recreation amenities, and regional mobility via Highways 8 and 101. These stable demand drivers help sustain retail performance and tenant success.
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