Historical Retail Sale Listing - Fourth Plain Market Center

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Fourth Plain Market Center

5700-5800 E Fourth Plain Blvd, Vancouver, WA 98661

N/A

21,318 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
21,318 SF
Property Type:
Retail
Property Sub-type:
Anchor
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.50%
Tenancy:
Multiple
Lot Size:
169,880 SF
Listing ID
18089505
Last Updated
over 1 year ago

Highlights

  • Long Term Leases - Grocery Outlet and Dutch Bros. Coffee have 10 years of remaining term.
  • New Roof - replaced in 2006 with 20 year warranty
  • Potential Development Opportunity - 60,980 SF of excess land - value not computed into offering price
  • No State Income Taxe in Washington

Description

FOURTH PLAIN MARKET CENTER IS COMPRISED OF AN APPROXIMATELY 20,790 SF FREESTANDING NNN CORPORATE GROCERY OUTLET, CORPORATE GUARANTEED DUTCH BROS DRIVE-THRU AND AN ADDITIONAL 60,980 SF OF UNDEVELOPED LAND.

The Property provides excellent credit tenancy with historically strong sales in a demographic mix that works perfectly for both tenants. Other Retailers in the immediate vicinity include the recently re-developed Fourth Plain Center including Office Depot and 24 Hour Fitness; Albertsons anchored Vancouver Market Center, Kmart, Winco Foods, Walgreens, and the Vancouver Auto Mall.

Located on Fourth Plain Blvd less than a mile from the 550,000 SF Vancouver Plaza and two miles West of the one million SF Westfield Vancouver Mall anchored by Nordstrom' s and Macy' s and is considered the dominant retail corridor in Clark County.

Map of Vancouver, WA, 98661 - exact location not found

Research for 5700-5800 E Fourth Plain Blvd, Vancouver, WA 98661 (Clark County)