The Plaza at Canyon Lakes 2909 S Quillan St 25,850 SF 94% Leased Retail Building Kennewick, WA 99337 $8,164,000 ($315.82/SF) 5.98% Cap Rate

The Plaza at Canyon Lakes is a fully leased, 25,850 SF retail shopping center positioned in one of South Kennewick’s premier commercial corridors. Offered at $8,134,000 with a competitive 6% cap rate, this investment delivers stable cash flow through a 100% occupied tenant mix of established local and national brands, including Anytime Fitness, Papa Johns, Tip’s Thai House, and others. Built in 2013, the property offers modern design and a flexible configuration suitable for a range of retail uses.
Situated adjacent to a Walmart ranked in the top 3% nationwide in customer activity, this center benefits from significant spillover traffic and sustained demand. The surrounding trade area boasts consistent population growth, strong household income, and an economy anchored by healthcare, manufacturing, and federal research facilities such as the Hanford Site and Pacific Northwest National Laboratory. With no state income tax, short commutes, and attractive living costs, the Tri-Cities region continues to draw businesses and residents, reinforcing long-term investment stability.