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The Plaza at Canyon Lakes 2909 S Quillan St 25,850 SF 90% Leased Retail Building Kennewick, WA 99337 $8,044,000 ($311.18/SF) 6% Cap Rate



Investment Highlights
- Located in a high-traffic retail node alongside major anchors such as Walmart, McDonald’s, Starbucks, and Home Depot.
- Built in 2013 with a contemporary inline layout adaptable to various tenants.
- 100% occupancy with market-rate NNN leases supporting predictable cash flow.
- Positioned within an economically vibrant Tri-Cities region experiencing ongoing population growth and new retail demand.
Executive Summary
The offering provides investors with stable in-place cash flow while preserving meaningful upside through the lease-up of a highly visible 1,604-square-foot end-cap suite and future mark-to-market opportunities across several existing tenants. Financials are projected as of January 1, 2027, reflecting the recently executed Tip Thai House lease and positioning the asset for continued NOI growth.
With modern 2013 construction, strong demographics, an established tenant roster, and embedded value-add opportunities, The Plaza at Canyon Lakes offers an attractive combination of stability, income, and long-term appreciation potential.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Anytime Fitness began in Minnesota in 2002 as a network of smaller neighbourhood gyms built around convenience, affordability, quality equipment and friendly service. The company operates a franchise system of 24-hour health and fitness clubs, with personal training, fitness consultations and coaching support among its offerings. Anytime Fitness now serves members through a wide international footprint across multiple continents and countries, combining club-based fitness with a broader franchise model.
At Designed Life Chiropractic, we strive to provide personalized care to all our patients. We use some of the most state of the art technology along with our specific chiropractic technique, to help relieve you and your family from your health concerns!
Founded in Southern California in 1995, GoWireless has continually strived to be a driving force in the wireless industry. With the rapid growth and ever changing technology of the wireless industry, it has always been their corporate vision to enrich people's lives through wireless communications while providing exceptional customer service. With over 670 stores coast to coast, they are accomplishing their goals. Because of their outstanding partnership with Verizon Wireless, they are able to offer their customer's quality products and services on the nation's largest 4G LTE network and the largest, most reliable 3G network. They pride themselves on delivering industry leading customer service online, over the phone, and in person. Because of their commitment to their customers, they are able to offer exclusive, one of a kind packages such as the GoAdvantage and Ready 2 Go. These exciting offers make sure their customers stay powered, connected and protected!
H&R Block began in the mid-1950s when brothers Henry and Richard Bloch started a tax preparation business in Kansas City, Missouri. The company grew from that origin into a tax services firm with a broad network of retail offices and digital filing options. H&R Block offers tax preparation, tax and accounting services, financial products, and small-business solutions, including services connected to Block Advisors, Wave, and the Spruce mobile banking app. The company serves clients in the United States and beyond through a mix of in-person support and technology-enabled tax help.
- M&C Nails Spa
- Services
- -
- -
- -
Papa John's International began in 1984 in Jeffersonville, Indiana, when John Schnatter opened the first restaurant with a focus on pizza made for delivery and carryout. The company has grown into a broad pizza restaurant business with a large network of company-owned and franchised restaurants in the United States and abroad. Papa John's sells pizza, breadsticks, wings, desserts, and drinks, and the company supports restaurant supply through commissary operations and quality control centers. The business also includes franchising and international operations, giving the company a wider presence across restaurant service and food distribution channels.
Salon 509 is proud to offer the South Kennewick area high quality hair and beauty services and products. Our exceptional team of experienced stylists are ready to provide you a refreshing experience in our modern and convenient salon.
Tip's Thai House is a casual Thai restaurant in Kennewick providing customers with both lunch and dinner. Come by and have a quick bite, sample our distinctive confections, or connect with friends in a cozy atmosphere. Call or come in to ask about reservation options, takeout, or our vegetarian choices.
Verizon Communications was formed through the merger of Bell Atlantic and GTE and began operating as a combined company in 2000. Verizon operates as a communications technology company with consumer and business groups, alongside public sector and network-focused offerings. The company provides wireless service, broadband connectivity, fiber-based services, and solutions for enterprise and government customers. The company maintains ongoing investment in network expansion and product development across mobility, broadband, and business services.
Victra began in 1996 as a wireless retail business in North Carolina and has grown into a nationwide Verizon Authorized Retailer. The company focuses on wireless devices, service plans, accessories, and in-store technical support, serving both individual and business customers. Victra also emphasizes guided sales support and account help through its stores and online channels. Its current business model centers on mobile connectivity, device upgrades, plan changes, and related customer service for Verizon products and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Arts, Entertainment, and Recreation | - | - | - | ||
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Health Care and Social Assistance | - | - | - | ||
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Information | - | - | - | ||
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Professional, Scientific, and Technical Services | - | - | - | ||
| M&C Nails Spa | Services | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Services | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Information | - | - | - | ||
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Information | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
MLS # Beautiful end cap space available. Excellent high traffic location in South Kennewick across from Walmart, Fairchild Cinema, McDonalds, Burger King, and Starbucks and many others. Open space with break room and plenty of parking. Center has a great tenant mix consisting of a restaurant, Anytime Fitness, salon, Papa Johns etc... Tenant is still occupying the space, so please contact LA for more information and showings.
| Space | Size | Space Use | Position | Available |
| 104 | 1,604 SF | Retail | End Cap | Now |
104
| Size |
| 1,604 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
104
| Size | 1,604 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
MLS # Beautiful end cap space available. Excellent high traffic location in South Kennewick across from Walmart, Fairchild Cinema, McDonalds, Burger King, and Starbucks and many others. Open space with break room and plenty of parking. Center has a great tenant mix consisting of a restaurant, Anytime Fitness, salon, Papa Johns etc... Tenant is still occupying the space, so please contact LA for more information and showings.
Nearby Major Retailers
Property Taxes
| Parcel Number | 115892BP5274001 | Improvements Assessment | $4,291,060 |
| Land Assessment | $768,660 | Total Assessment | $5,059,720 |
Property Taxes
Contact the Sale Advisor
The Plaza at Canyon Lakes | 2909 S Quillan St



