Prepared by https://www.commercialmls.com
3600 W Clearwater Ave Kennewick WA 99336
Listing #: 688984 | Status: Available | Last Modified: 11/5/2024
Showing Instructions | |
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Call Listing Agent | No |
Use Discretion | No |
Investment Information | |
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Investment Prop | Yes |
Gross Income | 0 |
Vacancy Factor % | 0.00% |
Operating Expenses | 0 |
Net Operating Income | 0 |
CAP Rate | 6.50 % |
Detail Listing Information | |
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Min Total SF | 0 SF |
Max Total SF | 0 SF |
Lease Rate Low | $ 0.00 |
Lease Rate High | $ 0.00 |
Retail Information | |
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Signage | Signage on Building and Freestanding |
Retail Asset Class Info | |
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Crane Tonnage | 0 |
Building Information | |
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Building Status | Existing |
# of Buildings | 1 |
# of Floors | 1 |
Total Building SF | 12,676 SF |
Net Rentable Area | 12,676 SF |
Total Office SF | 0 SF |
Largest Contiguous SF | 0 SF |
Lot SF | 38,768 SF |
Acres | 0.89 |
Year Built | 1980 |
Property Type | |
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Property Type | Retail |
Investment | Yes |
Location | |
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County | Benton |
Cross Street | Morain |
Market Area | Benton County |
Tax ID # | 134994080000019 |
Zoning | CC |
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
Strip Mall
3600 Clearwater Avenue
3600 W Clearwater Ave Kennewick WA 99336
Listing #: 688984 | Status: Available | Listing Date: 11/5/2024 | Last Modified: 11/5/2024 | Email Listing