$5,375,000

5121 Arctic Boulevard, Anchorage AK, 99503

Price per sqft$120.29

Built in1980

Property size44,684 sqft

Property typeCommercial

Listed by Andrea Costales with GTK Real Estate

Overview

Active

Listed Jan 6, 2025

Updated Jul 24

Rare opportunity to acquire a 100% leased, 16-tenant multi-tenant retail center at the high-traffic corner of Arctic Blvd and W. International Airport Rd. 44,684 SF on 2.07 acres, anchored by Lucky Market and Heidi's Restaurant. Strong income growth, 3-year average NOI cap rate of 6.18% (2025 actual cap rate 8.40%). Financials available with signed NDA. Please do not disturb tenants.

Additional information

MLS^® ID: 25-144

Interior Features

Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 2.07 Acres

Listing Contact:

The IDX display contains information sourced from the Alaska Multiple Listing Service, Inc. (AK MLS) as of 7/24/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 7/24/2026 at 2:37 AM UTC