6709 NE 63rd St - Freestanding FOR SALE


Vancouver, WA 98661
$3,200,000 USD
503-781-8786
6709 NE 63rd St, Vancouver, WA for Sale
$3,200,000 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

6709 NE 63rd St
Vancouver, WA 98661


HIGHLIGHTS

  • Outparcel to Safeway, the only grocery store in a 2-mile radius, and ranked in the 94th percentile for number of visits per Placer.AI
  • Diverse mix of local and national tenants, including a brand-new Benjamin Moore
  • Strong submarket boasts 2.4% retail vacancy rate
  • Situated on highly visible hard corner of NE 63rd St & Andresen Rd, with strong daily traffic counts of 22k VPD and a drive thru for Brewed Awakenings
  • High growth submarket with nearly 300 multifamily units either built or under construction within a 1.5-mile radius since 2023
  • Located in Vancouver, WA, the fastest growing city in the PNW

OVERVIEW

The Offering provides the opportunity to acquire a 9,810 SF outparcel of Andresen Marketplace, a Safeway-anchored daily-needs retail center located in Vancouver, Washington. The Property is 100% occupied by five tenants with a dynamic mix of specialty retail and personal and professional services, including leases with All State Insurance, Brewed Awakenings Coffee with a drive-thru, and a brand new lease with Benjamin Moore, which opened in November 2024. The adjacent Safeway is ranked in the 94th percentile nationally for number of visits per Placer.AI, and the Property benefits from limited competition with no competing grocer within a 2-mile radius. The Property receives strong visibility from its hard corner location on 63rd St. and NE Andresen Rd, two primary retail corridors, in a high-growth market with a 17% increase in population over the last ten years, whereas the city of Portland’s population has only increased in 1.5% over the last decade.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Andresen Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-3

APN/PARCEL ID

156893-000

ASK ABOUT THIS PROPERTY

Scott FrankNorthmarqMore Info
503-781-8786

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Scott FrankNorthmarqMore Info
503-781-8786

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