Interbay Michaels

Investment Overview

Interbay Michaels offers the opportunity to acquire a 24,660 SF single-tenant net lease investment within Seattle’s fully leased Interbay Retail Center. Built in 2018, the property is fully leased to Michaels.

Investment Highlights

• Single-tenant net lease investment
• This location ranks in the top 25% of Michaels stores nationwide by foot traffic (Placer.ai, 2025 report)
• Situated within the fully leased Interbay Retail Center
• Neighboring tenant Total Wine recently exercised its renewal option
• Modern construction completed in 2018
• Located less than five miles from Downtown Seattle
• High-income demographics with approximately 216,000 residents within a 3-mile radius