lynnwood retail investment memorandum · lynnwood retail investment kidder mathews | offering...
TRANSCRIPT
LYNNWOOD RETAIL INVESTMENT
Alderwood Mall Blvd
196th St SW
44th
Ave
W
PARK & RIDE / LYNNWOOD TRANSIT CENTER
SOUND TRANSIT LYNNWOOD LINK EXTENSION PLANNED FOR 2023 160,000 VPD
LYNNWOOD RETAIL INVESTMENTOFFERING MEMORANDUM
Lynnwood, WA
Table of Contents
Contact Information
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.
This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, current or past tax payments, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.
Erik [email protected]
Mike [email protected]
Corey [email protected]
kiddermathews.com
Executive SummaryThe Offering
Investment Highlights
Property Summary
Retail Aerial
Site Plan
Financial AnalysisPricing Summary
Lease Abstract
Tenant Profile
Location & Market OverviewSite Overview
Location Map
Demographics
Zoning Info
Lynnwood Link Extension
LYNNWOOD RETAIL INVESTMENT
01
02
03
04
Executive Summary
01
The Offering
Investment Highlights
Property Summary
Retail Aerial
Site Plan
LYNNWOOD RETAIL INVESTMENT
KIDDER MATHEWS | OFFERING MEMORANDUM 4LYNNWOOD RETAIL INVESTMENT
Situated at the intersection of Alderwood Mall Parkway and 40th Avenue West in Lynnwood, Washington, the property is comprised of a 5,165 square foot stand alone Chase Bank and a 5,170 square foot retail building currently occupied by a furniture store and a dentist.
The Chase Bank building includes a two lane drive through. Originally a Washington Mutual branch, this property has continuously operated as a bank since 1981. Chase recently extended their NNN lease for an additional 5 years through June 2020. The adjacent retail building is currently occupied by a dentist office and a furniture store on short term leases. This 0.86 acre site is prominently visible to more than 160,000 passing vehicles on Interstate 5. It is zoned City Center Core which includes a high-rise capable height limit of up to 350 feet and a FAR of 10 with incentive zoning. Less than a block away, construction is scheduled to begin in 2018 on the Lynnwood Link Extension for light rail between Seattle and Lynnwood. The rider projections are estimated between 63,000 - 74,000 riders each weekday by 2035. Today, more than 15,000 cars pass directly by this property every day on Alderwood Mall Parkway and 40th Avenue West.
The Offering
$3,010,000
100%
$294.09
10,235
37,462
Offering Price
Occupancy
Price per SF
Property SF
Land SF
Investment Summary
KIDDER MATHEWS | OFFERING MEMORANDUM 5LYNNWOOD RETAIL INVESTMENT
Long Term Upside
Owner user or investment site with long term redevelopment upside. Strong Credit TenantPassive income from Chase Bank provides reliable cash flow for owner.
Excellent Visibility on Signalized Hard CornerProminent location with exposure to 160,000 vehicles per day on Interstate 5.
Future Transit Oriented Development PotentialWalking distance to Lynnwood park and ride and future light rail station.
Favorable ZoningExisting drive through location. Core Commercial zoning allows for multi-story development.
Strong DemographicsOver 133,000 people within 3 miles with above average population and household growth rate of 7%.
Modern Used Furniture
KIDDER MATHEWS | OFFERING MEMORANDUM 6LYNNWOOD RETAIL INVESTMENT
PROPERTY SUMMARY
Address 4001 Alderwood Mall Blvd, Lynnwood, WA 98036
County Snohomish Parking ±48 Spaces
Gross Leaseable Area 10,235 SF Signage Pylon & Building Signs
Land Area 0.86 Acre Access 2 Ingress/Egress Driveways
Year Built 1981 Frontage 200’+ on 40th Ave W | 165’+ on Alderwood Mall Blvd
KIDDER MATHEWS | OFFERING MEMORANDUM 7LYNNWOOD RETAIL INVESTMENT
196th St SW
40th
Ave
W
LYNNWOOD RETAIL INVESTMENT
Alderwood Mall Blvd
KIDDER MATHEWS | OFFERING MEMORANDUM 8LYNNWOOD RETAIL INVESTMENT
LYNNWOOD RETAIL INVESTMENT
PARK & RIDE / LYNNWOOD TRANSIT CENTER
ALDERWOOD MALL
164th St SW
Ald
erw
oo
d M
all P
kwy
44th
Ave
W
DANIA
KIDDER MATHEWS | OFFERING MEMORANDUM 10LYNNWOOD RETAIL INVESTMENT
CURRENT RENT ROLL
TENANT UNIT # SIZE % RSFMONTHLY
RENTANNUAL RENT
ANNUAL RENT PSF
LEASE TYPECURRENT
TERM STARTCURRENT
TERM END
Chase Bank 1 5,165 50.46% $7,317.00 $87,804.00 $17.00 NNN 07/01/15 06/30/20
Modern Used Furniture 2 2,935 28.68% $2,292.00 $27,504.00 $9.37Modified
Gross12/01/14 11/30/16
Dentist 3 2,135 20.86% $0.00 $0.00 $0.00 NNN Month to Month Month to Month
GROSS LEASABLE AREA 10,235 $9,609 $115,308
PROFORMA RENT ROLL
TENANT UNIT # SIZE % RSFMONTHLY
RENTANNUAL RENT
ANNUAL RENT PSF
LEASE TYPECURRENT
TERM STARTCURRENT
TERM END
Chase Bank 1 5,165 50.46% $7,317.00 $87,804.00 $17.00 NNN 07/01/15 06/30/20
Modern Used Furniture 2 2,935 28.68% $4,891.67 $58,700.00 $20.00 NNN TBD TBD
Dentist 3 2,135 20.86% $3,558.33 $42,700.00 $20.00 NNN TBD TBD
GROSS LEASABLE AREA 10,235 $15,767 $189,204
PROFORMA NET OPERATING INCOME
PSF
Scheduled Rent (1) $189,204 $18.49
- Vacancy & Credit Loss (2) -$5,676 -$0.55
= Effective Gross Income $183,528 $17.93
- Structural Reserves (3) -$1,024 -$0.10
PROFORMA NET OPERATING INCOME $182,504 $17.83
$3,010,000PRICE
10,235 OCCUPIED SQUARE FEET
$294.09BUILDING PRICE/SF
1) Proforma rent after stabilization. Currently Modern Used Furniture on below market modified gross lease that terminates 11/30/2016. Dentist is related to the Seller and does not pay rent.
2) Lynnwood market vacancy factor of 3%
3) Structural reserves of $0.10/SF
KIDDER MATHEWS | OFFERING MEMORANDUM 11LYNNWOOD RETAIL INVESTMENT
TENANT START END MONTHLY RENT ANNUAL RENT ANNUAL RENT/SF % INCREASE COMMENTS
Chase Bank 03/01/16 06/30/20 $7,317 $87,804 $17.00
07/01/20 06/30/25 $9,374 $112,494 $21.78 28.12% Option Term 5
07/01/25 06/30/30 $10,312 $123,743 $23.96 10.00% Option Term 6
LEASE SUMMARY
Tenant/Guarantor JPMORGAN CHASE BANK
Lease Type NNN
HVAC Tenant Responsibility
Insurance Tenant Responsibility
Utilities Tenant Responsibility
Property TaxesTenant Responsibility (Landlord recaptures pro-rata share defined as 100% of the improvement value of the bank building and 70% of the total land value)
Roof & Structure Landlord Responsibility
Annual Base Rent (Current) $87,804
Annual Rent / SF $17.00
Security Deposit N/A
Original Lease Commencement 1/9/1980
Current Term Expiration 6/30/2020
Term Remaining on Lease 4+ Years
Renewal Options 2 - 5 Year Options Remaining
First Right of Purchase 30 Day notice to tenant
CHASE LEASE ABSTRACT
CHASE LEASE SUMMARY
The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to review the original lease to verify all information contained herein.
KIDDER MATHEWS | OFFERING MEMORANDUM 13LYNNWOOD RETAIL INVESTMENT
Tenant Profile
Chase Bank
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.6 trillion and operations worldwide. We serve nearly half of America’s households with a broad range of financial services, including personal banking, small business lending, mortgages, credit cards, auto financing and investment advice. Customers can choose how and where they want to bank; With more than 5,300 branches, 15,500 ATMs, mobile, online and by phone.
Locations 5,300+
Type Public (NYSE : JPM)
Credit Rating S&P A-
Location & Market Overview
04
Site Overview
Location Map
Demographics
Zoning Info
Lynnwood Link Extension
LYNNWOOD RETAIL INVESTMENT
KIDDER MATHEWS | OFFERING MEMORANDUM 16LYNNWOOD RETAIL INVESTMENT
SITE OVERVIEW
AREA HIGHLIGHTS
• Signalized hard corner location
• Excellent visibility from Interstate 5
• Within a block of the future Lynnwood light rail station
• Zoned City Center - Core (CC-C) allowing for potential
multi-story redevelopment
• Features two drive through lanes
KIDDER MATHEWS | OFFERING MEMORANDUM 17LYNNWOOD RETAIL INVESTMENT
LOCATION MAP
Bainbridge Island
Bellevue
Shoreline
LYNNWOOD RETAIL INVESTMENT
VANCOUVER BC 2 HOURS
SEATTLE 20 MINS BELLEVUE
25 MINS
Seattle
KIDDER MATHEWS | OFFERING MEMORANDUM 18LYNNWOOD RETAIL INVESTMENT
DEMOGRAPHICS
1 MILE 3 MILES 5 MILES
Census 2010 Summary
Population 12,440 121,688 290,685
Households 4,899 47,373 115,099
Families 2,986 30,640 74,727
Average Household Size 2.51 2.54 2.50
Owner Occupied Housing Units 2,219 29,708 74,910
Renter Occupied Housing Units 2,680 17,665 40,189
Median Age 34.7 37.2 38.3
2015 Summary
Population 12,762 126,552 308,004
Households 5,073 49,489 122,269
Families 3,069 31,932 79,129
Average Household Size 2.49 2.53 2.50
Owner Occupied Housing Units 2,155 30,061 77,041
Renter Occupied Housing Units 2,918 19,428 45,227
Median Age 35.1 37.9 39.1
Median Household Income $51,996 $65,939 $71,102
Average Household Income $68,809 $82,374 $88,790
2020 Summary
Population 13,373 133,365 329,453
Households 5,336 52,239 130,879
Families 3,214 33,681 84,594
Average Household Size 2.48 2.53 2.50
Owner Occupied Housing Units 2,245 31,702 82,268
Renter Occupied Housing Units 3,091 20,537 48,611
Median Age 35.5 38.3 39.5
Median Household Income $60,670 $77,532 $81,163
Average Household Income $79,221 $93,300 $100,621
Trends: 2015-2020 Annual Rate
Population 0.94% 1.05% 1.36%
Households 1.02% 1.09% 1.37%
Families 0.93% 1.07% 1.34%
Owner Households 0.82% 1.07% 1.32%
Median Household Income 3.13% 3.29% 2.68%
308,004
329,453
$100,621
5-MILE TRADE AREA DEMOGRAPHICS
Population (2015)
Estimated Population (2020)
Estimated Average Household Income (2020)
KIDDER MATHEWS | OFFERING MEMORANDUM 19LYNNWOOD RETAIL INVESTMENT
ZONING INFO
Overall Purpose
To create a distinct, strong identity for the city center, producing a heart for Lynnwood that is surrounded by solid neighborhoods
To provide opportunities to increase the city’s tax base, thereby helping to fund public improvements and public services
To encourage private and public investment, attract shoppers and visitors, and appeal to existing and new residents
To produce a concentration and a mixture of commercial, office, retail, residential, and civic uses within the city center
To develop a city center that supports pedestrian movement and use of public transit
To implement both the city’s comprehensive plan and the city center subarea plan
To promote attractive streetscapes and urban green spaces
Source: http://www.codepublishing.com/WA/Lynnwood/#!/Lynnwood21/Lynnwood2160.html
!
!
!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!!
!!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!!
!
!!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!!
!!
!!
!!
!!
!
!
!
!!
!
!
!!
!!
!
!
!"̀$
%&e(
?Ì
?Í?¿
?¿
?Ì
!"̀$
P u g e t S o u n d
EDMONDS
BRIERMOUNTLAKE
TERRACE
OLD
POPLAR
WAY
60T H
AVE
W
6 0T H
A VE
W
61S
TAV
EW
80TH
AVE
W
222N
D ST SW
227TH ST SW
196TH ST SW
152ND ST SW
80TH
A VE
W
64TH
AVE
W
180TH PL SW
48TH
AVE
W
212TH ST SW
68TH
AVE
W
MAPLE RD
218TH ST SW
186TH ST SW
175TH ST SW
49TH
CT
W
FIEL
DSTONE DR
204TH ST SW
188TH ST SW
58TH
AVE
W
OLY
MPI
CVI
EWDR
40TH
AVE
W
48T H
A VE
W
52N
DAV
EW
56TH
AVE
W
194TH
PL SW
211TH ST SW
224TH ST SW
32N
DAV
EW
170TH ST SW
72N
DAV
EW
72N
DAV
EW
1 54TH
PL SW
173RD PL SW
206TH ST SW
228TH ST SW
182ND PL SW
226TH ST SW
55TH
AVE
W
164TH ST SW
41S
TPL
W
202ND ST SW
27TH
PLW
36TH
AVE
W
160TH PL SW
158TH PL SW
160TH ST SW
156TH ST SW
STONEBRIDGE WAY
DALE WAY
223RD ST SW
164TH ST SW
195TH ST SW
30THAV
EW
35TH
AVE
W
183RD PL SW
224TH ST SW
156TH ST SW
227TH ST SW
154TH ST SW
202ND
PL SW
185TH PL SW
164T
HPL
SW
71STAV
EW
149TH ST SW
46TH
AVE
W
76T H
A VE
W
5 2N
DAV
EW
172ND ST SW
183RD ST SW
228TH ST SW
222ND ST SW
23R
DA V
EW
178TH PL SW
SPR
UC
EW
AY
50TH
PLW
48TH
AVE
W
219TH ST SW
148TH ST SW
CYPR
ESS
WAY
74TH
PLW
36T H
A VE
W
HWY
99
MAN
OR
WAY
149TH PL SW
MAPLE RD
LARCH WAY
216TH ST SW
159TH PL SW
172ND ST SW
227TH PL SW
214THST SW
180TH ST SW
200TH ST SW
179TH ST SW
54TH
PLW
156TH ST SW
202ND PL SW
199TH ST SW
70TH
PLW
67TH
AVE
W
200TH ST SW
151ST ST SW
165TH PL SW
219TH ST SW
192ND ST SW
171STST SW
200TH PL SW
224TH PL SW
148TH ST SW
55THP
LW
211TH ST SW
73R
DAV
EW
NM
EADO
WDALE
RD
168TH ST SW
78TH
AVE
W
151ST ST SW
224TH ST SW
44TH
AVE
W
150TH PL SW
SOUNDVIEWD
R
190TH ST SW
28TH
AVE
W
38TH
AVE
W
212TH PL SW
216TH PL SW
16
0TH ST SW
BLU
ER
IDG
ED
R
176TH ST SW
164TH ST SW
210TH ST SW
HEINZ PL
160TH ST SW
209TH PL SW
VINE RD
208TH ST SW
53R
DAV
EW
164TH ST SW
214TH ST SW
209TH ST SW
56TH
AVE
W
70THPL W
176TH PL SW
180TH ST SW
BEEC
HRD
217TH PLSW
TON
YALN
75THAVE
W
61ST
PLW
208TH PL SW
186TH PL SW
169TH PL SW
67TH
AVE
W
47TH
AVE
W
161ST PL SW
177TH PL SW
170TH PL SW
78TH
PLW
20T H
PLW
37THPL
W
65TH
PLW
202ND ST SW
55TH
AVE
W
4 4TH
PLW
226TH ST SW
46TH
PLW
52N
DPL
W
30TH
PLW
156TH ST SW
166TH ST SW
SIERRA DR
77TH
PLW
78TH
PLW
224TH PL SW
59THPL
W
204TH ST SW
24TH
PLW
41ST
PLW
22N
DA V
EW
60TH
AVE
W
2 5TH
PLW
7 8TH
PLW
76TH
PLW
182ND ST SW
61S
TPL
W
41ST
PLW
150TH
PL SW
32N
DP
LW
184TH PL SW
41S
TPL
W
62N
DP
LW
69TH
PLW
4 7T H
A VE
W
20TH
PLW
BIRCHW
AY
65THPLW
74TH
PLW
216TH ST SW
58TH
PLW
44TH
PL
W
70TH
AVE
W
32N
DAV
EW
169TH ST SW
44TH
AVE
W
24THAVE
W
72N
DAV
EW
153RD PL SW
66TH
AVE
W
6 3R
DP
LW
77THPL
W
186TH ST SW
191ST ST SW
187TH PL SW
56TH
AVE
W
43R
DP
LW
74TH
PLW
153RD ST SW
157TH PL SW
61ST
PL
W
36THPL
W201ST
PL
SW
174TH PL SW
189TH ST SW
36TH AVE W
164TH ST SW
69TH PLW
166TH PL SW
187TH PL SW
70TH
AVE
W
192ND PL SW
150TH ST SW
219TH ST SW
185TH ST SW
49TH
AVE
W
186TH PL SW
225TH PL SW
36TH
AVE
W
198TH PL SW
54TH
PLW
217TH ST SW
32N
DAV
EW
189TH ST SW
166TH PL SW
218TH PL SW
164TH PL SW
177TH PL SW
34TH
PLW
77TH
PLW
176TH PL SW
42N
DAV
EW
216TH ST SW
20TH
PL W
57TH
CT
W
225TH ST SW
56TH
PLW
74THPL
W
ALDERWOOD MALL BLVD
171STPL SW
219TH ST SW
226TH PL SW
68TH
AVE
W
61S
TP L
W
210TH ST SW
177TH PL SW
22ND
PLW
56TH
AVE
W
219TH ST SW
220TH ST SW
206TH PL SW
173RD PL SW
220TH PL SW
HO
MEV
IEW
DR
OAK RD
45TH
PL
W
68TH
AVE
W
172ND ST SW
203RD ST SW
PARK WAY
68TH
AVE
W
223RD ST SW
217TH PL SW
39TH
AVE
W
60TH
AVE
W
191ST ST SW
72N
DAV
EW
72N
DP
LW
225TH
PL SW
221ST PL SW
176TH PL SW
34TH
PLW
221ST STSW
167TH PL SW
69T HAV
EW
50TH
AVE
W
218TH ST SW
180TH ST SW
206TH STSW
60TH
AVE
W
70TH
AVE
W
173RD ST SW
75THPL
W
81ST
AVE
W
158TH ST SW
225TH P LSW
169TH ST SW
179TH PL SW
38TH
PL
W
210TH ST SW
178TH PL SW
201ST PL SW
213TH PL SW
170TH ST SW
176TH ST SW
213TH
PL SW
172ND ST SW
222ND ST SW
174TH PL SW
71S
TPL
W
7 2N
DP
LW
180TH PL SW182ND ST SW
220TH PL SW
68THAVE
W
158TH PL SW
163RD PL SW
180THPL SW
59TH
PLW
183RD ST SW
224TH PL SW
72N
DAV
EW
182ND PL SW
TALB
OT RD
49THPL W
61S
TAV
EW
59TH
PL
W
210T H STSW
185TH ST SW
170TH PL SW
15 1STPL SW
39TH
PL
W
63R
DA V
EW
MEADO
WDALE
BEACHRD
179TH ST SW
189TH PL SW
43R
DP
LW
69TH
PLW
171ST PL SW
156TH PL SW
217TH PL SW
205TH PL SW
62ND
AVE
W
170TH ST SW
28THAVE
W
63R
DAV
EW
217TH ST SW
191ST PL SW
191ST PL SW
67TH
PLW
158THPLSW
62N
DPL
W
182ND PL SW
181ST ST SW
48TH
PL
W
223RD PL SW
21ST
AVEW
65TH
AVE
W
208TH PL SW
19TH
AVE
W
178TH PL SW
33RD
PL
W
172ND PLSW
178 THPL SW
218TH ST SW
168TH PL SW
218TH ST SW
173RD ST SW
192ND PL SW
82ND
AVEW
207TH ST SW
4 9 THPL
W
200TH PL SW
68TH
AVE
W
218TH PL SW
23RD
PLW
159TH ST SW
69THP
LW
149TH ST SW
213THPLSW
187TH PL SW
224TH ST SW
207T
HPL SW
208TH PL SW78
THAV
EW
223RD ST SW
178TH PL SW
165TH PL SW
58TH
PL
W
223RD ST SW
180TH ST SW
172ND ST SW
151ST PL SW
54TH
PLW
189TH ST SW
227TH ST SW
152ND ST SW
148TH ST SW
201ST PL SW
LOCUST PL
182ND ST SW
71ST
PL
W
208TH PL SW
167TH DR SW
166TH PL SW
72N
DAV
EW
82N
DAV
EW
224TH ST SW
184TH ST SW
172ND ST SW
78TH
AVE
W
200TH PL SW
42N
DP
LW
192ND ST SW
184TH ST SW
192ND ST SW
190TH ST SW
215TH ST SW
211T
H ST SW
214TH PL SW72
ND
AVE
W
68TH
PL W
168TH ST SW
150TH PL SW
150T
H PL SW
204TH ST SW
225TH PL SW
29TH
PLW
151ST ST SW
73R
DAV
EW
42N
DAV
EW
74TH
PLW
170TH ST SW
170TH ST SW
149TH PL SW
153RD PL SW
198 TH STS
W
48T
HAV
EW
177TH PL SW
78TH
PLW
155TH ST SW
58TH
AVE
W
213TH ST SW213TH PL SW
218TH PL SW
225TH PL SW
154TH ST SW
163RD PL SW
167TH PL SW
189TH PL SW
74THPL
W
67TH
PLW
5 4TH
PLW
150TH PL SW
202ND ST SW
54TH
AVE
W
198TH ST SW
185TH PL SW
189TH PL SW
173RD PL SW
170TH ST SW
224TH ST SW
189TH PL SW
194TH ST SW
215TH PL SW
NIKE MANOR RD
164TH PL SW
214T
HST SW
219TH S T SW
216TH ST SW
52N
DP
LW
7 4T H
AVE
W
193RD PL SW
185TH
P L SW
157TH PL SW
191ST PL SW
179TH ST SW
219TH PL SW
69TH
PLW
171ST ST SW
63R
DAV
EW
152ND PL SW
69TH
PLW
151ST ST SW
150TH PL SW
26TH
AVE
W
48TH
AVE
W
216T
H DR SW
158TH PL SW
186TH ST SW
158TH PL SW
149TH ST SW
48TH
PLW
191ST ST SW
218TH ST SW
200TH PL SW
202ND PL SW
228TH ST SW
82N
DP
LW
57TH
PLW
184TH PL SW
149TH PL SW
53R
DAV
EW
173RD PL SW
72N
DP
LW
183RD PL SW
51S
TAV
EW
175 THST SW
185TH PL SW
203RD ST SW
148TH PL SW
181ST PL SW
CYPRESSW
AY
177TH ST SW
79TH
AVE
W
154TH PL SW
215TH ST SW
65TH
AVE
W
174TH ST SW
164TH PL SW
35TH
PLW
149TH PLS
W
157TH ST SW
161ST PL SW
181ST PL SW
158TH ST SW
79TH
P LW
187TH ST SW
168TH PL SW
183RD PL SW
183RD ST SW
73R
DPL
W
170TH PL SW
161ST PL SW
215TH PL SW
193RD PL SW
176TH PL SW
193RD ST SW
188TH PL SW
162ND PL SW
73R
DPL
W
172ND PL SW
185TH PL SW
181ST PL SW
165TH PL SW
205TH PL SW
199TH PLSW
26TH
PL
W
149TH PL SW
53R
DPL
W
172ND PLSW
178TH ST SW
22 1ST ST SW
158TH PL SW
182ND PL SW
208TH PL SW
54TH
PLW
7 7T H
PLW
216TH ST W
40TH
AVE
W
200TH PL SW
58TH
AVE
W
203RD ST SW
201ST ST SW
226TH ST SW
224THSTSW
40TH
AVE
W
175TH ST SW
21ST
AVEW
151ST PL SW
199TH PL SW
175TH ST SW
198TH PL SW
204TH ST SW
39TH
PLW
HAZ
ELRD
195TH PL SW
190TH ST SW
177TH PL SW
211TH ST SW
63R
DAV
EW
33R
DAV
EW
225TH ST SW
190TH PL SW
199TH ST SW
201ST PL SW
81S
TPL
W
31ST
PL
W
57TH
PLW
26TH
AVE
W
222ND ST SW
148TH PL SW
38TH
AVE
W
190TH ST SW
215TH PL SW
54TH
P LW
176TH ST SW
55TH
AVE
W
191ST PL SW
68TH
AVE
W
180TH PL SW
82N
DAV
EW
183RD PL SW
188TH PL SW
162ND PL SW
53R
DAV
EW
4 1S
TC
TW
5 7T H
AVE
W
CYRUSPL
227TH ST SW
166TH PL SW
40TH
AVE
W
197TH PL SW
46TH
PLW
168 TH PL SW
167TH PL SW
55TH
AVE
W
200TH ST SW
SEA LA
WN DR
66TH
PLW
5 3R
DA V
EW
194TH ST SW
82N
DAV
EW
7 4T H
A VE
W
172ND PL SW
209TH PL SW
199TH PL SW
54TH
PLW
176TH ST SW
192ND ST SW
FISHER RD
21S
TPL
W
152ND ST SW
23RD
PLW
81S
TPL
W
226TH ST SW
159TH ST SW
222ND ST SW
205TH PL SW
33R
DAV
EW
RUSSET RD
HALLS LAKE WAY
222ND PL SW
51S
TAV
EW
189TH PL SW
80TH
PLW
DELLWOODDR
189TH PL SW
191ST ST SW
171ST ST SW
199TH PL SW
209TH PL SW
208TH PL SW
53RD
AVE
W
66TH
AVE
W
HU
RST
RD
7 8TH
AVE
W
54TH
A VE
W
4 5T H
P LW
215TH ST SW 214THPL
SW164TH ST SW
82N
DP
LW
60TH
AVE
W
PENNY LN
153RD ST SW
216TH ST SW
173RD PL SW
205TH PL SW
215TH ST SW
190TH ST SW
204TH ST SW
206TH PL SW
190TH ST SW
FREDERI CK
PL
HIC
KOR
YW
AY
189TH PL SW
49TH
AVE
W
207TH PL SW
190TH STSW
226TH PL SW
37TH
AVE
W
66TH
PLW
6 1S
TAV
EW
183RD PL SW
224TH PL SW
162ND ST SW
198TH ST SW
186TH ST SW
58TH
PLW
21S
TA V
EW
60TH
AVE
W
80TH
P LW
181ST PL SW
219TH ST SW
30THPL
W
201ST ST SW
182ND ST SW
68TH
AVE
W
202ND PL SW
77TH
PLW
CEDAR
VALL
EYRD
BERTO
LARD
174TH ST SW
219TH ST SW
175TH ST SW
198TH ST SW
188TH PL SW
198TH PL SW
192ND PL SW
192ND ST SW
191ST ST SW
203RD ST SW
169TH ST SW
81S
TPL
W
5 0TH
AVE
W5 0
T HA V
EW
SAINT ALBIO
N WAY
181ST PL SW
227TH
ST SW
192ND PL SW
ASH
WAY
49TH PL W
227TH ST SW
181ST PL SW
SB I405 SW
SB5R
AMP1
83
NB I405 SW
NB405N
B5
42N
DPL
W
64TH
AVE
W
52N
DAV
EW
24TH
AVE
W
58THAVE
W
JEFFERSON WAY
64TH
AVE
W
56TH
AVE
W
6 6T H
A VE
W66
THAV
EW
75TH
PLW
40TH
PLW
POPL
ARW
AY
60TH
AVE
W
2 8TH
AVE
W2 8
T HAV
EW
71ST
AVE
W
192ND PL SW
22N
DAV
EW
73R
DP
LW
26TH
PLW
33RD
PL
W
32N
DAV
EW
40TH
A VE
W
5 3R
DP
LW
66TH
AVEW
33RD PL W
33R
DPL
W
64TH
AVE
W
64TH
AVE
W
81S
TAV
EW
72N
DAV
EW
62N
DAV
EW
BRIE
RRD
BRIE
RR
D
79THP
L W
20TH
PLW
FIRWOOD DR
56TH
AVE
W
67TH
A VE
W
67TH
AVE
W
25TH
AVEW
36TH
AVE
W
22N
DAV
EW
56TH
AVE
W5 6
T HAV
EW
46TH
P LW
ALDER
WO
OD
MA
LL PK
WY
BUTT
ERN
UT
RD
LOCUST W
AY
LOCUST WAY
62N
D
AVEW
66THAVE
W
66TH
AVE
W
74T H
AVE
W74
THAV
EW
66TH
AVE
W
38TH
AVE
W38
THAV
EW
62N
DAV
EW
40TH
P LW
77TH
AVE
W
COBBL ESTONE D
R
57TH
PLW
46T H
PLW
ELM DR
ELMDR
66TH
PLW
22N
DAVE
W
ASH
WAY
69TH PL W
78T H
A VE
W
46TH
AVE
W
23R
DAV
EW
24TH
AVE
W
73R
DA V
EW
82N
DAV
EW
151ST PL SW
180TH STS
W
33RDAVE
W
ALDE
RW
AY
ALDER
WAY
54TH
AVE
W54
THAV
EW
42N
DP
LW
AD
MIR
ALTY
WAY
22N
DP
LW
45TH
PL
W
37TH
PLW
56TH
AVE
W
4 7TH
AVE
W
8 1S
TAV
EW
169TH
PL SW 62N
DAV
EW
7 8TH
PLW
73R
DP
LW
1
6 0TH PL S W
80TH PLW
20T H AVE W
20TH
AVE
W
42N
DP
LW
49TH
AVE
W
2 1S
TP L
W
69TH
AVE
W
78TH
PLW
214TH STSW
178TH ST SW
20TH PLW
RU
SSE
TLN
WCYPRESS WAY
157TH
PL SW
HILLPOINTECIR
193RD PL SW
57TH
AVE
W
58TH
P LW
61ST
PL
W
29TH
AVE
W
OLD
MA
NO
RW
AY
182ND PLSW
61S
TPL
W
73R
DAV
EW
70THPL W
52NDPLW
29THAVE
W
63R
DP
LW
25TH
AVE
W
38TH
PL
W
32ND
PLW
172ND ST SW172ND ST SW
201ST ST SW
25THAV
EW
AND
OVE
RS
T
32N
DPL
W
68TH
AVE
W
36TH
AVE
W
36TH
AVE
W
34THP
LW
63RDAV
EW
25TH
AVE
W
51ST
PLW
65TH
P LW
34THAVE
W
68TH
PLW
RIDGE WAY
26THAVE
W
20TH
P LW
OAK
WAY
56TH
AVE
W
221ST PL
SW
BRAE
MAR
DR
70TH
A VE
W
33R
DAV
EW
46THAVE
W
46TH
AVE
W
156TH ST SW
59TH
PLW
185TH ST SW
184TH ST SW
62N
DP
LW
177TH ST SW
208TH ST SW
83R
DAV
EW
70T H
AVE
W
50TH
PLW
SCRI
BER
LAKE
RD
216TH PL SW
P-1
P-1
P-1 P-1
P-1
P-1
P-1
CG
CG
B-1
CG
RMM
BTP
LIRS-8
B-1
BTP
RS-8
B-3
RS-8
RML
RMM
B-2
HMU
CC-W
RMH PCD
CC-C
CGB-1
CC-N
RML
ACC
PRC
RS-8
RMM
RS-8
RMMB-2
MHP
CR
BTP
B-1
LI
PCD
RMH
SCRIBERCREEKPARK
LYNNWOODTRANSITCENTER
LYNNWOODPARK AND
RIDE
SCRIBERPARK
WILCOXPARK
CEDAR VALLEYCOMMUNITY
SCHOOL VETERANS PARK
LYNNWOODLIBRARY
LYNNWOODCIVIC
CENTER
FIRESTATION 15
LYNNWOODINTERMEDIATE SCHOOL
NORTHLYNNWOOD
PARK
CONVENTIONCENTER
ALDERWOODMALL
LYNNWOODPLACE
PIONEER PARK
STADLERRIDGEPARK
SPRUCEELEMENTARY
SCHOOL
SPRUCEPARK
BEVERLYELEMENTARY
MEADOWDALEHIGH SCHOOL
MEADOWDALE PARKMEADOWDALEMIDDLESCHOOL
MEADOWDALEPLAYFIELDS MEADOWDALE
ELEMENTARYSCHOOL
WWTP
DALEWAYPARK
FIRESTATION 14
LYNNDALEPARK
LYNNDALEELEMENTARY
SCHOOL
LYNNWOODGOLF
COURSE
EDMONDSCOMMUNITY
COLLEGE
COLLEGEPLACE
ELEMENTARY
COLLEGE PLACEMIDDLE SCHOOL POST
OFFICE
SOUTHDISTRICTCOURT
SOUTHLYNNWOOD
PARK
GOLDPARK
HERITAGEPARK
HALLLAKE
Effective through Ordinance #3143Effective date is 07/1/2015
Maintaineded by the City of Lynnwood Community Development Department
CITY OF LYNNWOODOFFICIAL ZONING MAP
Notes: 1. The existence of environmentally sensitive areas/critical areas and property-specific conditions may affectthe extent of land development allowed. 2. Source of parcel data: Snohomish County. 3. This map may contain
inadvertent error. Information depicted here should be verified by the user.
0 0.4 0.8Miles
NA great deal more
?¿
?Ì ?Ì
?Í?¿
!"̀$
!"̀$
%&e(
P u g e t S o u n d
City Limits County-DesignatedMUGA City-Designated MUGA
Zoning Map Extent
RESIDENTIALRS-8 - Residential 8400 Sq Ft
RS-7 - Residential 7200 Sq Ft
RS-4 - High Density Single Family 4000 Sq Ft
RML - Multiple Residential Low Density
RMM - Multiple Residential Medium Density
RMH - Multiple Residential High Density
MHP - Mobile Home Park
COMMERCIALACC - Alderwood-City Center Transition Area
B-1 - Community Business
B-2 - Limited Business
B-3 - Neighborhood Commercial
CG - General Commercial
PRC - Planned Regional Center
PCD - Planned Commercial Development
INDUSTRIALBTP - Business/Technical Park
LI - Light Industrial
OTHERP-1 - Public
Planned Unit Development
Gateway
Prominent
Frontage Landscaping! ! ! Interurban Trail
City Center District
College District
City Limits
MIXED-USECC-C - City Center Core
CC-W - City Center West
CC-N - City Center North
CDM - College District Mixed Use
CR - Commercial-Residential
HMU - Highway 99 Mixed Use
G:\GIS\Maps\ZONING\Zoning_Ord_3143
City Center – Core (CC-C). This zone is envisioned to have the highest intensity uses, especially office buildings, residences, and hotels contained within high-rise buildings. Shops and restaurants would be located along key streets, particularly the principal pedestrian corridor, referred to as the “Promenade” in the city center subarea plan. A major public open space would anchor the zone. Over time, parking would be increasingly located within parking structures. The convention center is located in the northeast corner of this zone.
KIDDER MATHEWS | OFFERING MEMORANDUM 20LYNNWOOD RETAIL INVESTMENT
BASIC DEVELOPMENT STANDARDS
Height
Minimum Building Height. The intent is that the city center zones accommodate dense urban form development and that all new development shall be built to at least the minimum building height. However, due to current economic conditions, in the first five years from the date of adoption of the ordinance codified in this chapter, this requirement is waived and if conditions are not improved beyond this five-year period, the city council may extend this waiver further. New development effective February 27, 2012: three stories at no less than 30 feet. This requirement shall not apply to uses predominantly characterized as places of public assembly featuring auditoriums or meeting facilities including but not limited to religious institutions, movie or performing arts theaters, symphony halls, and convention facilities.
Maximum Building Height. In the city center – core (CC-C) zone, the maximum building height shall be 350 feet
Basic Allowable Floor Area Ratio. The basic floor area ratio (FAR) of buildings in the city center shall be limited as shown in Table 21.60.1. The bonuses are described in subsection (C)(2) of this section.
MAXIMUM FAR DISTRICT
CC-C CC-W CC-N
Maximum allowable “as of right” for existing nonconforming sites and structures
Nonresidential 0.5 0.5 0.5
Residential 1.0 1.0 1.0
Maximum allowable FAR “as of right” for new development
Nonresidential 2.0 2.0 2.0
Residential 3.0 3.0 3.0
Maximum with bonusesNonresidential 8.0 3.0 3.0
Residential 10.0 5.0 5.0
KIDDER MATHEWS | OFFERING MEMORANDUM 21LYNNWOOD RETAIL INVESTMENT
LYNNWOOD LINK EXTENSION
Overall Purpose
The Lynnwood Link Extension is a key part of Sound Transit’s mass transit system expansion approved by voters in 2008. Targeted for completion in late 2023, 8.5 miles of light rail will extend from the Northgate Station to the Lynnwood Transit Center. Lynnwood Link will carry riders each weekday through some of the worst traffic congestion in Washington state. This extension builds on north-end segments to the University of Washington and Northgate, currently in construction and targeted for service in 2016 and 2021, respectively. Riders will also be able to connect with the East Link extension, targeted for service in 2023. Voter-approved extensions will bring 36 new miles of service to the north, south and east, creating more than 50 miles of regional light rail in 2023.
Sound Transit began the Lynnwood Link Extension in 2010, evaluating a variety of routes to extend the mass transit system from Northgate to Lynnwood. The publication of the Draft Environmental Impact Statement (EIS) in July 2013 kicked off a comprehensive environmental review with extensive public engagement and coordination with partner agencies. After the Final EIS was published in April 2015, the Sound Transit Board of Directors selected Link light rail with an alignment along Interstate 5. In July 2015, Sound Transit received a Record of Decision from the Federal Transit Administration, completing the environmental review of the project. The project is now moving through final design.
Project Benefits
8.5 miles of new light rail service
4 new light rail stations between Northgate and Lynnwood
Frequent, reliable service between south Snohomish County and the University of Washington, downtown Seattle and other regional destinations
Increased mobility, access and transportation capacity for residents and workers, to the tune of an estimated 63,000 - 74,000 each weekday in 2035
Target opening for service in 2023
Funding
The project is funded and was approved by voters as part of the Sound Transit 2 plan. The agency also anticipates and will compete for a significant amount of federal grant funding.
PROJECT MILESTONES
2010-2012
2013-2015
2016-2018
2018-2023
Late 2023
Alternatives Analysis & Scoping
Environmental Review
Final Design & Permitting
Construction
Open For Service
Source: Soundtransit.org/LLE
KIDDER MATHEWS | OFFERING MEMORANDUM 22LYNNWOOD RETAIL INVESTMENT
LIGHT RAIL EXTENSION ROUTE AND STATIONS LakeBallin ger
LakeWashington
King-SnohomishCounty Line
Includes accommodationsfor a future station
Includes accommodationsfor a future station
NE 185th St
N 145th St
N 130th St
236th St SW
244th St SW
220th St SW
200th St SW
52nd
Ave
W
44th
Ave
W
5th
Ave N
E
Edmonds
Shoreline
MountlakeTerrace
Lynnwood
Seattle
Transit Center
Shoreline Conference Center
Jackson ParkGolf Course
Northgate MallNorth SeattleCommunity College
Transit Center
NorthgateTransit Center
P
P
P
P
P
NE 185th
NE 145th
Lynnwood
Mountlake Terrace
Lynnwood Link Extension route and stations
not to scale, representative only
Link in service
In planning/planned
In design
Under construction
Downtown Redmond
Lynnwood
MercerIsland
Rainier
University ofWashington
SeaTac/Airport
SODOStadium
Pioneer SquareUniversity Street
Westlake/Seattle
Intl District/Chinatown
Beacon HillMount Baker
Columbia CityOthello
Angle Lake
Rainier BeachTukwila/Intl Blvd
Northgate
Mountlake Terrace
U District
Roosevelt
Bellevue Transit Center
South Bellevue
HospitalCapitol Hill
130th 120th
Overlake Village
185th
145th
East Main
Federal Way Transit Center
Kent/Des Moines
S 272nd
OverlakeTransit Center SE Redmond
Not funded for construction
Not funded for construction
Project area
Stations: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
P Park & Rides: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
Accommodation for potential future stations at NE 130th and 220th St SW, should future funding become available
Light rail under construction
Elevated routes
Surface route
soundtransit.org
Sound Transit plans, builds and operates regional transit systems and services to improve mobility for Central Puget Sound.
Sound Transit / Union Station, 401 S. Jackson St., Seattle WA 98104
STADIUMS
33 MINUTES
SEA-TAC AIRPORT
60 MINUTES
28 MINUTES
OVERLAKE TRANSIT CENTER
UNIVERSITY OF WASHINGTON
DOWNTOWN SEATTLE
LYNNWOOD
60 MINUTES
20 MINUTES
DOWNTOWN BELLEVUE
50 MINUTESEA
ST
SO
UT
H
During peak weekday commutes there will be one train every 4 minutes
How long will my trip from Lynnwood take?
LakeBallin ger
LakeWashington
King-SnohomishCounty Line
Includes accommodationsfor a future station
Includes accommodationsfor a future station
NE 185th St
N 145th St
N 130th St
236th St SW
244th St SW
220th St SW
200th St SW
52nd
Ave
W
44th
Ave
W
5th
Ave N
E
Edmonds
Shoreline
MountlakeTerrace
Lynnwood
Seattle
Transit Center
Shoreline Conference Center
Jackson ParkGolf Course
Northgate MallNorth SeattleCommunity College
Transit Center
NorthgateTransit Center
P
P
P
P
P
NE 185th
NE 145th
Lynnwood
Mountlake Terrace
Lynnwood Link Extension route and stations
not to scale, representative only
Link in service
In planning/planned
In design
Under construction
Downtown Redmond
Lynnwood
MercerIsland
Rainier
University ofWashington
SeaTac/Airport
SODOStadium
Pioneer SquareUniversity Street
Westlake/Seattle
Intl District/Chinatown
Beacon HillMount Baker
Columbia CityOthello
Angle Lake
Rainier BeachTukwila/Intl Blvd
Northgate
Mountlake Terrace
U District
Roosevelt
Bellevue Transit Center
South Bellevue
HospitalCapitol Hill
130th 120th
Overlake Village
185th
145th
East Main
Federal Way Transit Center
Kent/Des Moines
S 272nd
OverlakeTransit Center SE Redmond
Not funded for construction
Not funded for construction
Project area
Stations: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
P Park & Rides: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
Accommodation for potential future stations at NE 130th and 220th St SW, should future funding become available
Light rail under construction
Elevated routes
Surface route
soundtransit.org
Sound Transit plans, builds and operates regional transit systems and services to improve mobility for Central Puget Sound.
Sound Transit / Union Station, 401 S. Jackson St., Seattle WA 98104
STADIUMS
33 MINUTES
SEA-TAC AIRPORT
60 MINUTES
28 MINUTES
OVERLAKE TRANSIT CENTER
UNIVERSITY OF WASHINGTON
DOWNTOWN SEATTLE
LYNNWOOD
60 MINUTES
20 MINUTES
DOWNTOWN BELLEVUE
50 MINUTESEA
ST
SO
UT
H
During peak weekday commutes there will be one train every 4 minutes
How long will my trip from Lynnwood take?
LakeBallin ger
LakeWashington
King-SnohomishCounty Line
Includes accommodationsfor a future station
Includes accommodationsfor a future station
NE 185th St
N 145th St
N 130th St
236th St SW
244th St SW
220th St SW
200th St SW
52nd
Ave
W
44th
Ave
W
5th
Ave N
E
Edmonds
Shoreline
MountlakeTerrace
Lynnwood
Seattle
Transit Center
Shoreline Conference Center
Jackson ParkGolf Course
Northgate MallNorth SeattleCommunity College
Transit Center
NorthgateTransit Center
P
P
P
P
P
NE 185th
NE 145th
Lynnwood
Mountlake Terrace
Lynnwood Link Extension route and stations
not to scale, representative only
Link in service
In planning/planned
In design
Under construction
Downtown Redmond
Lynnwood
MercerIsland
Rainier
University ofWashington
SeaTac/Airport
SODOStadium
Pioneer SquareUniversity Street
Westlake/Seattle
Intl District/Chinatown
Beacon HillMount Baker
Columbia CityOthello
Angle Lake
Rainier BeachTukwila/Intl Blvd
Northgate
Mountlake Terrace
U District
Roosevelt
Bellevue Transit Center
South Bellevue
HospitalCapitol Hill
130th 120th
Overlake Village
185th
145th
East Main
Federal Way Transit Center
Kent/Des Moines
S 272nd
OverlakeTransit Center SE Redmond
Not funded for construction
Not funded for construction
Project area
Stations: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
P Park & Rides: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
Accommodation for potential future stations at NE 130th and 220th St SW, should future funding become available
Light rail under construction
Elevated routes
Surface route
soundtransit.org
Sound Transit plans, builds and operates regional transit systems and services to improve mobility for Central Puget Sound.
Sound Transit / Union Station, 401 S. Jackson St., Seattle WA 98104
STADIUMS
33 MINUTES
SEA-TAC AIRPORT
60 MINUTES
28 MINUTES
OVERLAKE TRANSIT CENTER
UNIVERSITY OF WASHINGTON
DOWNTOWN SEATTLE
LYNNWOOD
60 MINUTES
20 MINUTES
DOWNTOWN BELLEVUE
50 MINUTESEA
ST
SO
UT
H
During peak weekday commutes there will be one train every 4 minutes
How long will my trip from Lynnwood take?
LakeBallin ger
LakeWashington
King-SnohomishCounty Line
Includes accommodationsfor a future station
Includes accommodationsfor a future station
NE 185th St
N 145th St
N 130th St
236th St SW
244th St SW
220th St SW
200th St SW
52nd
Ave
W
44th
Ave
W
5th
Ave N
E
Edmonds
Shoreline
MountlakeTerrace
Lynnwood
Seattle
Transit Center
Shoreline Conference Center
Jackson ParkGolf Course
Northgate MallNorth SeattleCommunity College
Transit Center
NorthgateTransit Center
P
P
P
P
P
NE 185th
NE 145th
Lynnwood
Mountlake Terrace
Lynnwood Link Extension route and stations
not to scale, representative only
Link in service
In planning/planned
In design
Under construction
Downtown Redmond
Lynnwood
MercerIsland
Rainier
University ofWashington
SeaTac/Airport
SODOStadium
Pioneer SquareUniversity Street
Westlake/Seattle
Intl District/Chinatown
Beacon HillMount Baker
Columbia CityOthello
Angle Lake
Rainier BeachTukwila/Intl Blvd
Northgate
Mountlake Terrace
U District
Roosevelt
Bellevue Transit Center
South Bellevue
HospitalCapitol Hill
130th 120th
Overlake Village
185th
145th
East Main
Federal Way Transit Center
Kent/Des Moines
S 272nd
OverlakeTransit Center SE Redmond
Not funded for construction
Not funded for construction
Project area
Stations: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
P Park & Rides: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
Accommodation for potential future stations at NE 130th and 220th St SW, should future funding become available
Light rail under construction
Elevated routes
Surface route
soundtransit.org
Sound Transit plans, builds and operates regional transit systems and services to improve mobility for Central Puget Sound.
Sound Transit / Union Station, 401 S. Jackson St., Seattle WA 98104
STADIUMS
33 MINUTES
SEA-TAC AIRPORT
60 MINUTES
28 MINUTES
OVERLAKE TRANSIT CENTER
UNIVERSITY OF WASHINGTON
DOWNTOWN SEATTLE
LYNNWOOD
60 MINUTES
20 MINUTES
DOWNTOWN BELLEVUE
50 MINUTESEA
ST
SO
UT
H
During peak weekday commutes there will be one train every 4 minutes
How long will my trip from Lynnwood take?
LakeBallin ger
LakeWashington
King-SnohomishCounty Line
Includes accommodationsfor a future station
Includes accommodationsfor a future station
NE 185th St
N 145th St
N 130th St
236th St SW
244th St SW
220th St SW
200th St SW
52nd
Ave
W
44th
Ave
W
5th
Ave N
E
Edmonds
Shoreline
MountlakeTerrace
Lynnwood
Seattle
Transit Center
Shoreline Conference Center
Jackson ParkGolf Course
Northgate MallNorth SeattleCommunity College
Transit Center
NorthgateTransit Center
P
P
P
P
P
NE 185th
NE 145th
Lynnwood
Mountlake Terrace
Lynnwood Link Extension route and stations
not to scale, representative only
Link in service
In planning/planned
In design
Under construction
Downtown Redmond
Lynnwood
MercerIsland
Rainier
University ofWashington
SeaTac/Airport
SODOStadium
Pioneer SquareUniversity Street
Westlake/Seattle
Intl District/Chinatown
Beacon HillMount Baker
Columbia CityOthello
Angle Lake
Rainier BeachTukwila/Intl Blvd
Northgate
Mountlake Terrace
U District
Roosevelt
Bellevue Transit Center
South Bellevue
HospitalCapitol Hill
130th 120th
Overlake Village
185th
145th
East Main
Federal Way Transit Center
Kent/Des Moines
S 272nd
OverlakeTransit Center SE Redmond
Not funded for construction
Not funded for construction
Project area
Stations: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
P Park & Rides: at NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center
Accommodation for potential future stations at NE 130th and 220th St SW, should future funding become available
Light rail under construction
Elevated routes
Surface route
soundtransit.org
Sound Transit plans, builds and operates regional transit systems and services to improve mobility for Central Puget Sound.
Sound Transit / Union Station, 401 S. Jackson St., Seattle WA 98104
STADIUMS
33 MINUTES
SEA-TAC AIRPORT
60 MINUTES
28 MINUTES
OVERLAKE TRANSIT CENTER
UNIVERSITY OF WASHINGTON
DOWNTOWN SEATTLE
LYNNWOOD
60 MINUTES
20 MINUTES
DOWNTOWN BELLEVUE
50 MINUTESEA
ST
SO
UT
H
During peak weekday commutes there will be one train every 4 minutes
How long will my trip from Lynnwood take?
STATIONS: At NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center PARK & RIDES: At NE 145th, NE 185th, Mountlake Terrace Transit Center and Lynnwood Transit Center Accommodation for potential future stations at NE 130th and 220th St SW, should future funding become available LIGHT RAIL UNDER CONSTRUCTION ELEVATED ROUTES SURFACE ROUTES
P
http://www.soundtransit.org/LLE
Contact Information
Erik [email protected]
Mike [email protected]
Corey [email protected]
Kidder Mathews 601 Union Street, Suite 4720 Seattle, WA 98101
kiddermathews.com