Historical Retail Sale Listing - Aaron's / Verizon - New Construction

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Aaron's / Verizon - New Construction

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

N/A

11,036 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
11,036 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
2%
Cap Rate:
6.75%
Tenancy:
Multiple
Lot Size:
0.54 AC
Listing ID
18212690
Last Updated
43 days ago

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

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.

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

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Created 6/10/2013