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Thayer Dr Retail Strip Center 1217 Thayer Dr 5,181 SF 100% Leased Retail Building Richland, WA 99354 $965,000 ($186.26/SF) 7.71% Cap Rate
Executive Summary
This fully occupied neighborhood retail center offers a strong and diverse tenant mix along with an established operating history. Current tenants include a coffee stand, a preschool, and a live fish wholesaler. The property features an expansive parking lot, providing ample convenience for customers and staff. This presents an excellent opportunity for a stable, passive investment.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,181 SF
Year Built
1943
Price
$965,000
Price Per SF
$186.26
Cap Rate
7.71%
NOI
$74,365
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.91 AC
Zoning
C-1 - Neighborhood Retail
Nearby Major Retailers
1 of 6
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Thayer Dr Retail Strip Center | 1217 Thayer Dr
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