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8318 Gage Blvd 9,000 SF 100% Leased Retail Building Kennewick, WA 99336 $1,795,000 ($199.44/SF) 7.07% Cap Rate
Executive Summary
Excellent multi tenant retail investment property with very successful, long term restaurant tenant anchor. This property is in the heart of a major Kennewick retail artery, next to the Columbia Center Mall, Costco, Olive Garden, AMC movie theatre, and much more. Fully leased with tenants including Bangkok Thai, Tire Factory, and Brumley Law Firm.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,000 SF
Building Class
B
Year Built
1977
Price
$1,795,000
Price Per SF
$199.44
Cap Rate
7.07%
NOI
$126,989
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.58 AC
Zoning
Commercial General - Commercial District
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Budget Blinds was founded in Orange County, California in 1992 by five entrepreneurs, starting as a home-based window-coverings business. The company focuses on custom window treatments, including blinds, shades, shutters, and drapery, and offers in-home and virtual consultation options. Budget Blinds presents its model as locally owned and nationally backed, combining neighborhood-based service with a broad product lineup for home interiors. The brand also highlights related smart home solutions and remains centered on made-to-measure window covering services within a franchise system.
- Phelps & Associates
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - | ||
| Phelps & Associates | Professional, Scientific, and Technical Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 130994000013002 | Improvements Assessment | $594,950 |
| Land Assessment | $225,870 | Total Assessment | $820,820 |
Property Taxes
Parcel Number
130994000013002
Land Assessment
$225,870
Improvements Assessment
$594,950
Total Assessment
$820,820
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8318 Gage Blvd