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Big 5 Sporting Goods 15500 SE Mill Plain Blvd 11,000 SF Retail Building Vancouver, WA 98684 $2,795,000 ($254.09/SF) 7.47% Cap Rate
Investment Highlights
- High Traffic Retail Corridor
- Strong Visibility and Access
- In N Out Burger and Luxury Dealership Developments Underway
Executive Summary
MARCUS & MILLICHAP HAS BEEN EXCLUSIVELY CHOSEN TO MARKET
BIG 5 SPORTING GOODS in Vancouver, WA is a well-positioned, single-tenant retail asset
located along the highly trafficked SE Mill Plain Boulevard corridor, benefiting from exposure to
over 38,000 vehicles per day. The 11,000-square-foot building sits on a 0.59-acre parcel and was
constructed in 2003, offering a proven retail footprint with strong visibility and accessibility. The
property is secured by a Triple Net (NNN) lease with a long-term, established tenant, providing
stable cash flow with minimal landlord responsibilities, and includes one remaining five-year
renewal option. The site is strategically situated within a dominant retail corridor alongside
national anchors such as Target, Trader Joe’s, and Starbucks, and is further enhanced by nearby
recent developments including a brand-new In-N-Out just one mile away and a new Lexus and
Mercedes dealership by Swickard Auto Group down the street. A dense mix of surrounding office,
industrial, multifamily, and nearby schools further supports consistent consumer traffic and
long-term location viability
BIG 5 SPORTING GOODS in Vancouver, WA is a well-positioned, single-tenant retail asset
located along the highly trafficked SE Mill Plain Boulevard corridor, benefiting from exposure to
over 38,000 vehicles per day. The 11,000-square-foot building sits on a 0.59-acre parcel and was
constructed in 2003, offering a proven retail footprint with strong visibility and accessibility. The
property is secured by a Triple Net (NNN) lease with a long-term, established tenant, providing
stable cash flow with minimal landlord responsibilities, and includes one remaining five-year
renewal option. The site is strategically situated within a dominant retail corridor alongside
national anchors such as Target, Trader Joe’s, and Starbucks, and is further enhanced by nearby
recent developments including a brand-new In-N-Out just one mile away and a new Lexus and
Mercedes dealership by Swickard Auto Group down the street. A dense mix of surrounding office,
industrial, multifamily, and nearby schools further supports consistent consumer traffic and
long-term location viability
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,000 SF
Building Class
B
Year Built
2004
Price
$2,795,000
Price Per SF
$254.09
Cap Rate
7.47%
NOI
$208,701
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.93 AC
Zoning
C3, Vancouver
Parking
41 Spaces (5.47 Spaces per 1,000 SF Leased)
Frontage
312’ on Mill Plain Rd
Amenities
- Signage
- Signalized Intersection
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 115066-000 | Improvements Assessment | $1,734,800 |
| Land Assessment | $777,800 | Total Assessment | $2,512,600 |
Property Taxes
Parcel Number
115066-000
Land Assessment
$777,800
Improvements Assessment
$1,734,800
Total Assessment
$2,512,600
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Big 5 Sporting Goods | 15500 SE Mill Plain Blvd
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