LISTING DETAILS

1102 Springwater Avenue

1102 Springwater Ave Wenatchee WA 98801

Listing #: 710638 | Status: Available | Last Modified: 4/22/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Retail Asset Class Info
Crane Tonnage	0

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	1
Total Building SF	97,509 SF
Net Rentable Area	97,000 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	248,728 SF
Acres	5.71
Year Built	1997

Property Type
Property Type	Retail

Location
County	Chelan
Market Area	Chelan County
Tax ID #	232033493078
Zoning	NWBD

Target at Valley North Center

Public Comments

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

1102 Springwater Avenue
1102 Springwater Ave Wenatchee WA 98801

Listing #: 710638 | Status: Available | Listing Date: 3/25/2026 | Last Modified: 4/22/2026 | Email Listing

For Sale

1102 Springwater Avenue

Listing Images