Mount Vernon Retail Center Price Cut to $14.5MM, Now a 7.44% Cap Rate

Mount Vernon Center’s new $145-per-square-foot price comes as the center’s implied income rises and investors push for higher yields in secondary markets. The 98 percent occupied Skagit County shopping center, anchored by Grocery Outlet and Ross, is back on the market about $1 million cheaper and at a cap rate roughly 70 basis points higher […]