9920 NE 117th Ave - Freestanding FOR SALE


Vancouver, WA 98662
$2,128,000 USD
360-823-5111
9920 NE 117th Ave, Vancouver, WA for Sale
$2,128,000 USD
Freestanding - FOR SALE
1/10
null | 5% Cap Rate

9920 NE 117th Ave
Vancouver, WA 98662


OVERVIEW

MAJ Commercial Real Estate is excited to present the opportunity to acquire a single-tenant NNN lease investment located at 9920 NE 117th Ave, Vancouver, WA 98662. This premium property was built specifically for Sherwin-Williams, with the lease commencing on February 22, 2021. The Sherwin-Williams store is part of the MAJ Place BP center, which also features a 7-Eleven with Fuel and a Starbucks Drive-Thru, creating a high-traffic retail environment. The property benefits from strong traffic exposure, with approximately 70,690 Vehicles Per Day at the intersection of NE 117th Ave and NE 99th Street. Additionally, the lease includes a 10% rent increase in February 2026, providing future income growth for investors. This well-positioned investment offers stability with a high-quality tenant in a thriving retail corridor.

FOR SALE DETAILS

PRICE

$2,128,000 USD

PRICE/SF

$560 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

-

APN/PARCEL ID

200124-000

ASK ABOUT THIS PROPERTY

Blake FederinkoMAJ Commercial Real EstateMore Info
360-823-5111

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Blake FederinkoMAJ Commercial Real EstateMore Info
360-823-5111

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