This property is Off-Market
1212 Wishkah St. (HWY 12)
Aberdeen, WA 98520 ·
11,036 SF · Retail For Sale
Aaron's / Verizon - New Construction
|Gross Leasable Area||11,036 SF||Cap Rate||6.75%|
|Property Sub-type||Strip Center||Lot Size||0.54 AC|
|Property Use Type||Net Lease Investment with 10+ years left on lease|
|Listing ID: 18212690||Date Created: 06/10/2013||Last Updated: 05/01/2014|
The subject property is an 11,036 square foot retail strip center located on the corner of Fleet Street and Highway 12 in Aberdeen, Washington. The center is currently under construction with a target completion date of September 2013. It is 100% leased to a multi-unit Aaron' s operator and an authorized Verizon wireless dealer that operates over 400 locations across the US.
Twenty miles inland at the confluence of the Chehalis and Grays Harbor Bay, lie the contiguous cities of Aberdeen, Hoquiam and Cosmopolis. This triad of cities forms the commercial and industrial core of Grays Harbor County and almost half of the county residents live here. The City of Aberdeen is the most populous town in Grays Harbor County and serves as a retail hub for the surrounding area.
- New 10 year leases will provide long term steady cash flow
- Both tenants have scheduled rental increases in year 6
- Washington has no state income tax for prospective investors
- Multiple ingress/egress points and traffic counts exceeding 21,000 trips per day
1212 Wishkah St. (HWY 12), Aberdeen, WA 98520 (Grays Harbor County)
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