1213 E Wishkah St - Freestanding FOR SALE


Aberdeen, WA 98520
$6,073,000 USD
415-269-0599
1213 E Wishkah St, Aberdeen, WA for Sale
$6,073,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

1213 E Wishkah St
Aberdeen, WA 98520


HIGHLIGHTS

  • Recently extended lease with 13 years remaining with fixed rental increases every 5 years
  • Publicly traded company (NASDAQ: TSCO) with a market cap of over $22 billion
  • S&P rated BBB with a “stable” outlook
  • Net Lease with limited landlord responsibilities
  • Concrete block construction
  • Secured fenced outdoor sales area

OVERVIEW

To receive the offering memorandum, please contact Matthew Kingsley (matthew.kingsley@cushwake.com) (415) 306-2203 The CUSHMAN & WAKEFIELD Net Lease Group is pleased to present a 36,573 +/- single-story retail building leased to Tractor Supply Company on a 1.27 +/- acre lot in Aberdeen, Washington for over 12 years. Originally built in 1994 and remodeled for Tractor Supply in 2016, the single-story concrete block building comes equipped with a fenced outdoor display area and ample on-site parking within the center. The property is the only Tractor Supply store within 47 miles of Aberdeen and is situated in the Olympic Gateway Plaza. Tenants in the area include Walmart Supercenter, Marshalls, Ross, Staples, McDonald’s, Big 5, Safeway, Goodwill, and Subway. Aberdeen continues to function as the financial hub of the Grays Harbor region. Aberdeen and the rest of Grays Harbor remain dependent on the timber, fishing industries, tourism, and as a regional service center for much of the Olympic Peninsula. Tourism now plays an important role in the economy as Aberdeen, along with its neighboring city Hoquiam, provides a gateway to the Pacific Coast and the Olympic National Park. A new mix of retail, different industries, and tourism offers a new kind of future, one that Aberdeen is embracing. In cooperation with Pat Mutzel, a licensed WA agent with Cushman & Wakefield.

FOR SALE DETAILS

PRICE

$6,073,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Company

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

029901200002

ASK ABOUT THIS PROPERTY

Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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