611 Valley Mall Pky - Storefront FOR SALE
East Wenatchee, WA 98802 |
$2,988,514 USD
858-373-3184
611 Valley Mall Pky
East Wenatchee, WA 98802
HIGHLIGHTS
- Corporate Lease Featuring 5% Rental Increases at Each Option. 12+ Year Historical Occupancy & Recent 10 Year Lease Extension.
- Strong Performing Location: Top 30% in Chain per Placer.ai. Limited Competition: Next Nearest Sportsman’s Warehouse is 50+ Miles Away.
- Priced Below Replacement Cost and Low Price per Square Foot ($64/SF).
- Wenatchee’s Population has Grown by 23% since 2000 and has an Average Household Income of more than $90k. Extremely Low Trade Area Vacancy.
- Located w/in Wenatchee Valley Mall - the Largest Mall in Wenatchee with Anchor Tenants including Marshalls, Ross Dress for Less, Macy’s & more.
OVERVIEW
Sportsman’s Warehouse | Recent Lease Extension | Top 30% in Chain per Placer | Low Price per Square Foot | 12 Year Historical Occupancy | Located w/in Wenatchee Valley Mall - the Largest Mall in Wenatchee | Multiple Points of Ingress/Egress | High Density Retail Corridor | Affluent Area | Minutes from Medical Center | Near Pangborn Memorial Airport
Washington Broker of Record: Joel Deis | 401 Union St., 32nd Floor Seattle, WA 98101 | P: (206) 826-5700 | Lic #: 25469 | Firm License #: 397 | CBA Office No. 974500 Joel.Deis@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$2,988,514 USD
PRICE/SF
$64 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SPORTSMAN'S WAREHOUSE | LOW PRICE / SQ.FT.
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Storefront Retail/Office, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.29 AC
LAND SF
99,752 SF
ZONING
CBD
APN/PARCEL ID
03-70-00-02925
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858-373-3184
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858-373-3184
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