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Riverstone Marketplace - Bldg 181 4101-4104 SE 192nd Ave 4,594 SF 100% Leased Retail Building Vancouver, WA 98683 $2,650,000 ($576.84/SF)
Investment Highlights
- Mission Pet Health operates in 42 states and has over 900 locations across the country
- Strategically positioned across from a QFC-anchored shopping center, benefiting from consistent daily-needs traffic and co-tenancy synergy
- Situated on SE 192nd Avenue, one of Vancouver’s most active retail corridors, serving a rapidly expanding trade area with strong residential growth
- Domino's has occupied this location since 2017 and recently signed a new 10 year lease extension with 3% annual increases
- Both tenants operate on triple-net (NNN) leases, providing full reimbursement of operating expenses and minimizing landlord responsibilities
- Located in a high-income submarket of east Vancouver, characterized by above-average household incomes and strong population growth
Executive Summary
Kidder Mathews is pleased to present the opportunity to acquire Riverstone Marketplace, a two-tenant retail center located in highly desirable Vancouver, WA.
Riverstone Marketplace is shadow-anchored by a QFC-anchored shopping center and benefits from a shared primary access point, driving consistent daily-needs traffic and strong cross-shopping activity. The property is ideally located within a growing, affluent submarket of east Vancouver along the 192nd corridor, and surrounded by national and regional retailers.
Domino's has occupied the property since 2017 and recently signed a 10 year firm term lease renewal. Mission Pet Health is in process of completing an estimated $900,000 tenant improvement for this location and is expected to open in October of this year.
Mission Pet Health completing an estimated $900,000 tenant improvement at this location, underscoring long-term commitment, with an anticipated opening in October
Riverstone Marketplace is shadow-anchored by a QFC-anchored shopping center and benefits from a shared primary access point, driving consistent daily-needs traffic and strong cross-shopping activity. The property is ideally located within a growing, affluent submarket of east Vancouver along the 192nd corridor, and surrounded by national and regional retailers.
Domino's has occupied the property since 2017 and recently signed a 10 year firm term lease renewal. Mission Pet Health is in process of completing an estimated $900,000 tenant improvement for this location and is expected to open in October of this year.
Mission Pet Health completing an estimated $900,000 tenant improvement at this location, underscoring long-term commitment, with an anticipated opening in October
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,594 SF
Building Class
B
Year Built
2007
Price
$2,650,000
Price Per SF
$576.84
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.54 AC
Zoning
CC - Community Commercial - City of Vancouver Jurisdiction
Parking
30 Spaces (6.53 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 125847-002 | Improvements Assessment | $1,262,300 |
| Land Assessment | $468,300 | Total Assessment | $1,730,600 |
Property Taxes
Parcel Number
125847-002
Land Assessment
$468,300
Improvements Assessment
$1,262,300
Total Assessment
$1,730,600
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Riverstone Marketplace - Bldg 181 | 4101-4104 SE 192nd Ave
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