1212 E Wishkah St - Retail FOR SALE


Aberdeen, WA 98520
$2,795,000 USD
206-898-9191
1212 E Wishkah St, Aberdeen, WA for Sale
$2,795,000 USD
Retail - FOR SALE
1/5
null | 7.08% Cap Rate

1212 E Wishkah St
Aberdeen, WA 98520


HIGHLIGHTS

  • 100% OCCUPIED - Occupied by the same tenants since the building was constructed in 2013.
  • TAX FREE STATE - Washington has no state income tax for prospective investors.
  • CONTRACTED RENT GROWTH - Both tenants have scheduled rental increases.
  • NNN LEASE STRUCTURE - Minimal landlord responsibility. Tenants responsible for real estate taxes, insurance and CAMS.

OVERVIEW

The subject property is a two-tenant 11,036 square foot retail strip center located on the corner of Fleet Street and Highway 12 in Aberdeen, Washington. Aberdeen is approximately 75 miles west of Tacoma, Washington. The city is the most populous in Grays Harbor County and the region's economic center, bordering the cities of Hoquiam and Cosmopolis. The investment is 100% leased to Aaron's, Inc. and an authorized Verizon Wireless dealer that operates over 750 locations across the US. For more info go to: https://swansonking.com/listings/verizon-aarons-aberdeen/

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

7.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon and Aaron's Retail Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,774 SF

ZONING

Commercial

APN/PARCEL ID

029800600100

ASK ABOUT THIS PROPERTY

Erik SwansonKidder MathewsMore Info
206-898-9191

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Erik SwansonKidder MathewsMore Info
206-898-9191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.