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6115 NE 114th Ave
Vancouver, WA 98662
Retail Property For Sale
Investment Highlights
- Multi-tenant Retail NNN Investment Opportunity in Orchards
- Shadow anchored by Walgreens
- Located in the Orchards submarket near NE Fourth Plain Boulevard, a well-established retail corridor with strong neighborhood visibility
- Average length of tenancy at the property is more than 8 years
- Diverse Tenant mix including: Ukrainian Federal Credit Union, Liberty Coin & Currency, Best Foot Reflexology, and Value Dental Inc., El Burrito Mojado
- Nearby major national retailers including LA Fitness, Petco, Sportsmans Warehouse, and Big 5
Executive Summary
100% Leased NNN Retail Investment Asset
Orchards Square | 5 Tenants
Sale Price: $4,150,000
CAP Rate: 6.25%
NOI: $259,178
Building Size: 11,865 SF
Lot Size: 1.38 AC
Orchards Square | 5 Tenants
Sale Price: $4,150,000
CAP Rate: 6.25%
NOI: $259,178
Building Size: 11,865 SF
Lot Size: 1.38 AC
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
11,865 SF
Building Class
B
Year Built
2006
Price
$4,150,000
Price Per SF
$349.77
Cap Rate
6.25%
NOI
$259,178
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.46 AC
Zoning
CG
Parking
60 Spaces (5.06 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 157503-005 | Improvements Assessment | $2,067,000 |
| Land Assessment | $1,082,000 | Total Assessment | $3,149,000 |
Property Taxes
Parcel Number
157503-005
Land Assessment
$1,082,000
Improvements Assessment
$2,067,000
Total Assessment
$3,149,000
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