5700-5800 E Fourth Plain Blvd
Vancouver, WA 98661 ·
21,318 SF · Retail For Sale
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 Sub-type||Anchor||Lot Size||169,880 SF|
|Listing ID: 18089505||Date Created: 03/25/2013||Last Updated: 08/05/2013|
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.
- 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
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