1102 Springwater Ave
Wenatchee WA 98801
1102 Springwater Avenue
1102 Springwater Ave Wenatchee WA 98801
Listing #: 710638 | Status: Available | Last Modified: 4/22/2026 |
For Sale
- Phone:(206) 518-9567
- Email:billy.sleeth@nmrk.com
- Office Name:Newmark
- Office Phone:(206) 388-3000
- Office Website:www.nmrk.com
- Agent Phone:(206) 518-9604
- Agent Email:kevin.lemond@nmrk.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,870,000.0
- $/SF$ 49.9
- Listing StatusAvailable
- Days on Market39
- Asset ClassRetail
- Terms
- Investment Type
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF97509
- Net Rentable Area97000
- Total Office SF
- Largest Contiguous SF
- Lot SF248728
- Acres5.71
- Property TypeRetail
- Office Type
- Building Class
- CountyChelan
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaChelan County
- Tax ID #232033493078
- Additional Parcels
- ZoningNWBD
- Year Built1997
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Target at Valley North Center
FOR SALE: TARGET - $4.87M - $50/SF - LOW RENT - NNN - WENATCHEE, WA The only full-size Target within 150 miles, offered at $50/SF on an absolute NNN lease. Target exercised a new 5-year option extension through September 2031 with three additional options remaining. In-place rent of $2.43/SF/YR is significantly below market with upside at expiration. The property anchors Valley North Center, the #1 shopping center in a 50-mile radius and a top 10% performer nationwide with 3.5M annual visits. Highlights: • Absolute NNN • Fortune 50 credit, rated A/A2/A • Only full-size Target within 150 miles • New 5-year lease extension through September 2031 • 3 remaining options with 10% rent bumps each — cap rate grows to 6.64% by 2046 • Below-market rent at $2.43/SF • Fee simple land ownership, 5.71


