1631 W Rose St | Walla Walla, WA 99362
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- LoopNet Team
1631 W Rose St
Walla Walla, WA 99362
Sears · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG TERM LEASE The Property has over 7 years remaining on the original 10-year lease, providing an investor with long-term passive cash flow.
- STRONG CORPORATE GUARANTEE / NATIONAL TENANT The Lease is guaranteed by Hobby Lobby Stores Inc. the largest privately-owned crafts retailer in America
- MINIMAL LANDLORD RESPONSIBILITIES
- SIGNIFICANTLY BELOW MARKET RENT Hobby Lobby is currently paying just $4.00/SF+NNN with market rents achievable in the $10.00 - $12.00/SF+NNN range.
- RECENT FULL PROPERTY RENOVATION The Property was fully renovated by Hobby Lobby in 2018 before moving into the space, including a brand new roof.
- STRONG RETAIL TRADE AREA
PROPERTY FACTS
Property Type
Retail
Property Subtype
Department Store
Building Size
48,444 SF
Building Class
B
Year Built
1989
Tenancy
Single
Building FAR
0.13
Lot Size
8.47 AC
Zoning
CH
Frontage
328’ on West Rose Street
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,601,800 | |
| Land Assessment | $832,700 | Total Assessment | $3,434,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$832,700
Improvements Assessment
$2,601,800
Total Assessment
$3,434,500
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