731 N Columbia Center Blvd
Kennewick, WA
Retail for Sale - $10,200,000 - 88,824 Sq. Ft. on 7.2 acres
Property Info
| CIMLS# | 1030467 |
| Location 731 N Columbia Center Blvd Kennewick WA 99336 | |
| Updated | April 29th, 2019 |
| Type | Retail |
| Price | $10,200,000 |
| Building | 88,824 Sq. Ft. |
| Land | 7.2 acres |
Property Description
Anchored by a new Planet Fitness, this attractive 88,824 SF retail center is located along Kennewick's busy retail corridor, yet is adjacent to a large multifamily community, providing abundant local customers and foot traffic.
RECENT CAPITAL IMPROVEMENTS
- 2018 seal coat
- 2018 new exterior paint
- 2018 new roof over the larger roof section
- 2018 new parking lot drainage
RECENT TENANT IMPROVEMENTS
- Honey Baked Ham: new HVAC, $50/SF in Landlord and Tenant Improvements
- Planet Fitness: Landlord provided $500,000+ in space upgrades and Tenant Improvements
National tenants include: Planet Fitness, Honey Baked Ham, ColorTile, Mattress Depot, and Dutch Bros coffee.
Located in prime retail corridor with numerous nearby national tenants.
Traffic count of 28,367 on Columbia Center Blvd at W Grandridge Blvd.
Tri-Cities Airport is 9.6 miles / 15 minutes away.
Financials
Sale Price $10,200,000
Cap Rate: 7.01%
NOI: $714,915
Price/SF: $114.96