500 NE 139th St - Bank FOR SALE


Vancouver, WA 98685- Knapp
$2,420,000 USD
425-455-3131
500 NE 139th St, Vancouver, WA for Sale
$2,420,000 USD
Bank - FOR SALE
1/9
null | 4.25% Cap Rate

500 NE 139th St
Vancouver, WA 98685
Knapp


HIGHLIGHTS

  • 10 Year Base Lease Term Remaining Guaranteed by Banner Corporation (NASDAQ: BANR)
  • Completely Passive with Zero Landlord Responsibilities for Operating or Capital Expenses
  • Excellent Retail Corridor Location Within a Strong Growth Market
  • 10% Rent Increase Every 5 Years and 12% In Option Periods

OVERVIEW

Linc Properties is pleased to present the opportunity to acquire the Banner Bank investment property in Vancouver, Washington. This premier asset offers a secure, passive income stream secured by an absolute net ground lease, guaranteed by Banner Corp (NASDAQ: BANR). This well-located, freestanding bank branch, built by Banner Bank in 2015, offers exceptional customer access, ample parking, and convenient double drive-through banking. The highly visible property is strategically positioned near major retail anchors, including Starbucks, Sherwin Williams, a large-format Fred Meyer (Kroger) with its high-volume gas station, Trader Joe’s, and other successful service and retail destinations. Situated within a bustling business, residential, and shopping corridor adjacent to Interstate 5, this property is in the heart of this vibrant growing community. This stable and predictable commercial investment property presents a rare opportunity for a savvy investor to secure a core, low risk, consistently cash flowing asset in a high-growth market, fully secured and maintained by one of the region’s leading banking institutions.

FOR SALE DETAILS

PRICE

$2,420,000 USD

PRICE/SF

$770 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute Net Banner Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

CC

APN/PARCEL ID

986033-964

ASK ABOUT THIS PROPERTY

Brian LeibsohnLinc PropertiesMore Info
425-455-3131

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Brian LeibsohnLinc PropertiesMore Info
425-455-3131

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