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Clayton Brown
Direct: (206) 826-5787
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Marcus & Millichap, Inc.
Main: (206) 826-5700
www.marcusmillichap.com
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FOR SALE - Listing #: 712497
Kennewick Village
101 - 0 Vista Way , Kennewick WA99336
82,864 Available SF 82,864 SF
Agent Remarks
We have been selected to exclusively market for sale Kennewick Village, a value-add retail shopping center located in rapidly growing Kennewick, WA. The property is 99% occupied and is spread across 11 tax parcels in four sections along Hwy 395, Vista Way, and W Bruneau Pl. Over 51% of the GLA of the property is operating on month-to-month Modified Gross leases with the majority of remaining tenants operating on short-term leases with no options. The average base rent at the property is currently $11.23/SF MG, with market rents achievable in the $13-$15/SF NNN range, providing an investor with the opportunity to increase their cap rate to above a 10% cap rate through rent increases and converting lease types to NNN. The Seller is willing to provide attractive seller financing at a 4.00% in
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County
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Benton
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Market Area
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Benton County
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Tax ID #
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102892040000021
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Price
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$ 9,000,000
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Property Details
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Prop Type
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Retail
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# Floors
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2
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Bldg SF
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82,864
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Year Built
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1950
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Land SF
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226,076
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# Bldgs
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6
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Acres
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5.19
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# Parking Spaces
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0
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Office Class
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Informational Links
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