This property is Off-Market

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

21,318 SF · Retail For Sale

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Fourth Plain Market Center

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 21,318 SF Cap Rate 7.50%
Property Type Retail Tenancy Multiple
Property Sub-type Anchor Lot Size 169,880 SF
Listing ID: 18089505 Date Created: 03/25/2013 Last Updated: 08/05/2013

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Vancouver Market Trends - Asking price index trends, sale price trends, asking rent trends

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