Alderwood Parkway Plaza - LYNNWOOD, WA - Commercial Brokers Association
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Alderwood Parkway Plaza
LYNNWOOD, WA
S E AT T L E PR E M I U M O U T L E T S
North Seattle’s TR A DE A R E A
Destination of Choice
r Access PUGE T SOUND
erwood Apart With its location at the intersection of I-5 and I-405,
Alderwood is perfectly positioned to draw trade area
residents.
405
5 I - 5 : 16 7, 5 8 0 A A D T
Estimated average daily vehicle traffic at the
e intersection of I-5 and I-405,
intersection is 167,580 on I-5 and 131,000 on I-405. E VERET T MALL
y positioned to draw area residents.
aily vehicle traffic at the
2
0 on I-5 and 131,000 on I-405.
A LDERWOOD
405
405 I - 4 0 5 : 13 1, 0 0 0 A A D T
T H E V I L L AG E AT TOT EM L A K E
R ED M O ND TOW N C EN T ER
U N I V E R S I T Y V I L L AG E
SEAT TLE BELLEVUE
B E L L E V U E S Q UA R E
THE SHOPS AT THE BR AVERN
PAC I FI C PL AC E
Alderwood Parkway Plaza Located directly off I-5 at the high-traffic intersection of Alderwood Mall Pkwy and WA-524,
Alderwood Parkway Plaza is a dominant power center in Lynnwood which has one of the
largest concentrations of retailers in the region.
I-5
64,000 ADT Cost Plus World Market
525
Costco
Target 405
H Mart 123,000 ADT
Regal Alderwood Alderwood Mall Kohls
Nordstrom
Home Goods
JCPenney Macy’s
Ross
Rite Aid
AMC Lowes Theater 19
,02
4A
DT
Pending Lease
I-5
Alderwood Parkway Plaza
David’s Bridal
Micheals
Best Buy
Available Petco
Old Navy
Ethan Allen
Pending Lease Ulta Available
Nordstrom Rack
DT Bed Bath & Beyond Barnes
00A Staples Jared Pending Lease & Noble
8,0
19
Whole Foods
524
21,334 ADT
Lowes
21,400 ADT
I-5
Alderwood Parkway Plaza Alderwood Parkway Plaza serves a rapidly growing and affluent trade area perfectly positioned within
this accessible and super regional destination of Snohomish County. The redevelopment at Alderwood
Mall is set to open in 2021 and the new light rail station will open in 2024.
PRIMED
FOR GROWTH 525
I-5
63,241
RESIDENTIAL POPULATION
within 8 Miles
73,211
99 4 LYNNWOOD
PLACE
COSMOS
PROJECT 405
ESTIMATED 2024 POPULATION ALDERWOOD 2
within 8 Miles MALL 3
ALDERWOOD
MIXED-USE
Source: Esri 2020 REDEVELOPMENT
1 Lynnwood City Center Link Extension
MERLONE GEIER
DEVELOPMENT
99 524
5
524 I-5
SITE
524 524
This new transit option will provide area
residents with a 28-minute commute to 1
downtown when it opens in 2024. Projected LYNNWOOD LINK
LIGHTRAIL EXTENSION
ridership is between 47,000 and 55,000 by
2026.
Lynnwood Place, Home Depot, and
2 Cosmos Development Project 3 Alderwood Mixed-Use Redevelopment 4 Costco Wholesale 5 Merlone Geier Development
This new mixed-use development is directly This new addition to Alderwood will include This new mixed-use development is located Northline Village will replace what is now
east of Alderwood and comprises over 330 100,000 square feet of retail and restaurant adjacent from Alderwood and will provide the Lynnwood Square at 196th & 44th Ave W.
residential units and commercial space. The space and over 350 residential units. The area with a Home Depot,Costco Wholesale, It will be transformed into a transit hub
development is set to open in 2024. redevelopment is set to open in 2021. and over 500 residential units. The develop- with more than 2M SF of restaurants, re-
ment is set to open in 2021. tail, residential, parks, and entertainment.
AlderwoodParkway
Alderwood ParkwayPlaza
Retail
64,000 ADT
99
525
UNDER CONSTRUCTION
Lynnwood Place I-5
ALDERWOOD CROSSING
H MART PLAZA
ALDERWOOD NORTH CENTER
ALDERWOOD MALL
160 Retailers, Restaurants,
and Entertainment
UNDER CONSTRUCTION
Sears Redevelopment
& Avalon Alderwood
DT
0A
405
,00
35
12
3,
00
0
A
ALDERWOOD PLAZA D
T
PLANNED DEVELOPMENT
Cosmos
ALDERWOOD EAST
PLANNED DEVELOPMENT SHOPPING CENTER
Business Center Merlone Geier | Northline Village
James Village Shopping Center
ALDERWOOD PARKWAY
Lynnwood RETAIL CENTER
City Center ALDERWOOD PARKWAY PLAZA
ALDERWOOD T
TOWNE CENTER AD
00
8 ,0
19
525
FUTURE LYNNWOOD
CITY CENTER
99 LIGHT RAIL
Lynnwood Center 2024 DELIVERY
Projected Ridership
Lynnwood Crossroads 47K - 55K by 2026
I-5
KEY
PROPOSED
KINECT @ Lynnwood Future Light Rail Development Projects
N 239 Units Residential
2022 Delivery
City Center District City Center
Alderwood Parkway Retail
14,354 SF
14,301 SF
45,571 SF
HAMPTON INN & SUITES
135 ROOMS (NOT A PART)
AY
E W
E
TENANT A TENANT B
4,045 SF 4,045 SF
ALDERWOOD MALL PKWY
25,636 SF HOLIDAY INN
(NOT A PART)
35,792 SF 14,957 SF
9,833 SF
AVAILABLE
24,631 SF
AVAILABLE
11,254 SF
13,257 SF
11,395 SF
PENDING LEASE
5,894 SF
39,480 SF 22,905 SF
196TH ST SW
(NOT A PART)
Demographics Alderwood
Located at the intersection of highways I-5 and 405, Lynnwood is the commercial
center and “hub city” of the fast growing Snohomish County trade area with an
Parkway Plaza
average household income of over $114K and a population of over 219K.
8 MIN DRIVE 10 MIN DRIVE 12 MIN DRIVE
2019 TOTAL POPULATION: 63,241 132,591 219,210
2024 ESTIMATED POPULATION: 73,211 147,866 240,613
2019 HOUSEHOLDS: 23,509 50,645 84,753
2024 EST. HOUSEHOLDS: 28,621 57,718 94,137
2019 DAYTIME POPULATION: 59,107 115,539 188,357
AVERAGE HOUSEHOLD INCOME: $98,878 $95,526 $114,372
Alderwood Parkway Plaza
Maria Royer Andrew Miller Katie Parsons Waters
Principal Senior Vice President Senior Associate Broker
206-464-0600 206-464-0600 206-464-0600
LYNNWOOD, WA mroyer@real-retail.net amiller@real-retail.net katie@real-retail.net
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