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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 Plaza at Canyon Lakes is a premier neighborhood retail center located in the heart of South Kennewick's dominant retail corridor. The property is shadow anchored by one of the highest-performing Walmart Supercenters in the country and is surrounded by major national retailers, restaurants, and service businesses that generate consistent daily traffic.
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

Sale Type
Investment
Property Type
Retail
Building Size
25,850 SF
Building Class
B
Year Built
2013
Price
$8,044,000
Price Per SF
$311.18
Cap Rate
6%
NOI
$482,638
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
8.50 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -

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.

  • Health Care and Social Assistance
  • -
  • -
  • -

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!

  • Information
  • -
  • -
  • -

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!

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

H&R Block was founded in 1955 by brothers Henry and Richard Bloch, beginning as a tax return preparation business. The company now provides global tax preparation services, financial products, and small-business solutions through retail offices, digital channels, and mobile applications, including Spruce, Block Advisors, and Wave. H&R Block's offerings span in-person tax help, online and mobile tax software, refund and identity-related services, and business tools such as payroll, bookkeeping, advisory, and payment processing.

  • M&C Nails Spa
  • Services
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -

Papa Johns began in 1984 when founder John Schnatter converted a broom closet into a pizza operation. The company quickly expanded through franchising and now maintains a significant international footprint. The business focuses on pizza delivery and carryout services while emphasizing fresh ingredients. Their product lineup includes various pizza styles, sides, desserts, and beverages. Though originally based in Indiana, the brand developed a global presence through both company-owned and franchised locations. The company's commitment to quality ingredients remains central to its operations.

  • Services
  • -
  • -
  • -

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.

  • Accommodation and Food Services
  • -
  • -
  • -

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.

  • Information
  • -
  • -
  • -

The company was formed in 2000 through the merger of Bell Atlantic and GTE, creating a communications business with roots in earlier regional telephone and network operations. Verizon provides wireless service, fixed wireless access, and fiber broadband for consumer customers, while also serving businesses and government agencies. The company's business offerings include data, video, conferencing, corporate networking, security, managed network services, voice services, and internet of things connectivity, giving Verizon a broad role across the communications technology market.

  • Information
  • -
  • -
  • -

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
Arts, Entertainment, and Recreation - - -
Health Care and Social Assistance - - -
Information - - -
Professional, Scientific, and Technical Services - - -
M&C Nails Spa Services - - -
Accommodation and Food Services - - -
Services - - -
Accommodation and Food Services - - -
Information - - -
Information - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 104
  • 1,604 SF
  • Retail
  • End Cap
  • 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.

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.

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Orangetheory Fitness
CrossFit
Dutch Bros
The Original Pancake House

Property Taxes

Property Taxes

Parcel Number
115892BP5274001
Land Assessment
$768,660
Improvements Assessment
$4,291,060
Total Assessment
$5,059,720
  • Listing ID: 40367808

  • Date on Market: 5/1/2026

  • Last Updated:

  • Address: 2909 S Quillan St, Kennewick, WA 99337

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