6.81% CAP Rate | National Credit Tenant | Industrial Investment Opportunity 403 E Kennewick Ave is a solid small investment property with a $42,000 annual NOI at a 6.81% CAP rate @ $615,000 sales price. The property is leased to Stericycle, a national credit tenant since 2020, who just renewed early for another 5-year term, extending through 12/31, with 3% annual rental increases. Situated on 0.64 acres, this industrial-light zoned site features a fenced laydown yard, 3-phase power, and easy access to highways and interstates. The modified gross lease structure provides ease of management and strong cash flow. Surrounded by regional and national credit tenants, this is a stable, low-maintenance investment in Kennewick’s growing industrial corridor.