3600 W Clearwater Ave
Kennewick WA 99336

3600 Clearwater Avenue

3600 W Clearwater Ave Kennewick WA 99336

Listing #: 688984 | Status: Available | Last Modified: 11/5/2024 |

For Sale
Kevin Verger
  • Phone:(206) 946-9425
  • Email:kevin.verger@kidder.com
  • Office Name:Kidder Mathews
  • Office Phone:(208) 362-8600
  • Office Website:
Maggie Verger
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 2,530,000.0
  • $/SF$ 199.6
  • Listing StatusAvailable
  • Days on Market20
  • Asset ClassRetail
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 6.50 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors1
  • # of Units
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF12676
  • Net Rentable Area12676
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF38768
  • Acres0.89
Property Type
  • Property TypeRetail
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyBenton
  • Vicinity
  • Location Description
  • Second Address
  • Cross StreetMorain
  • Market AreaBenton County
  • Tax ID #134994080000019
  • Additional Parcels
  • ZoningCC
Construction
  • Year Built1980
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Saunders Square

Public Comments

We are pleased to present the opportunity to acquire a 100% occupied, 12,676 SF retail center located on W Clearwater Ave, one of Kennewick’s primary retail corridors. The property includes a balanced mix of national and local tenants, with multiple long-term occupants. Notably, Rent-A-Center has occupied 39% of the center for over 25 years, while Metro PCS and Smoke City together occupy 23% of the center and have been tenants for approximately 10 years each. Currently, 78% of the Gross Leasable Area is leased at rates well below market, offering an investor the opportunity to acquire a fully stabilized center with future upside potential. At a competitive price of $200 per square foot, the property is offered well below replacement cost, with similar retail centers being developed upwar

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Strip Mall

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