This property is Off-Market

1212 Wishkah St. (HWY 12)
Aberdeen, WA 98520 ·

11,036 SF · Retail For Sale

N/A

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Aaron's / Verizon - New Construction

Price N/A Commission Split 2%
Gross Leasable Area 11,036 SF Cap Rate 6.75%
Property Type Retail Tenancy Multiple
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

Description

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.

Highlights

  • 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

Research

1212 Wishkah St. (HWY 12), Aberdeen, WA 98520 (Grays Harbor County)

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