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
- Phone:(206) 946-9425
- Email:kevin.verger@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(206) 600-8500
- Agent Email:Maggie.verger@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,530,000.0
- $/SF$ 199.6
- Listing StatusAvailable
- Days on Market20
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.50 %
- 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 SF12676
- Net Rentable Area12676
- Total Office SF
- Largest Contiguous SF
- Lot SF38768
- Acres0.89
- Property TypeRetail
- Office Type
- InvestmentYes
- Building Class
- CountyBenton
- Vicinity
- Location Description
- Second Address
- Cross StreetMorain
- Market AreaBenton County
- Tax ID #134994080000019
- Additional Parcels
- ZoningCC
- Year Built1980
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Saunders Square
We are pleased to present the opportunity to acquire a 100% occupied, 12,676 SF retail center located on W Clearwater Ave, one of Kennewickâs 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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