1213 Wishkah StAberdeen, WA 98520

For Sale
$6,255,000

High-Yield Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 36,573 square foot, single-story retail building in Aberdeen, WA, fully occupied by Tractor Supply Company under a 12.5-year net lease with fixed rent increases every five years. The property, built in 1994 and renovated in 2016, sits on a 1.27-acre lot and boasts a fenced outdoor display area and ample parking. Located in the Olympic Gateway Plaza alongside prominent national retailers such as Walmart, Marshalls, and Ross, this Class A asset benefits from its position as the only Tractor Supply within a 47-mile radius. The building is constructed of concrete block and features a single story. The lease is corporate guaranteed, providing significant security. Aberdeen's economy is diverse, encompassing timber, fishing, tourism, and regional services, making this a stable and attractive market. The average household income within seven miles is $79,855. The property's strategic location offers excellent visibility and accessibility, further enhancing its investment potential. With a strong tenant, long lease term, and consistent rental growth, this offering represents a compelling addition to any portfolio. SeaTac International Airport is conveniently located approximately 100 miles northeast. The property is part of a larger shopping center anchored by a Walmart Supercenter.

Highlights

  • 12.5-year net lease with fixed rent increases every 5 years remaining.
  • Tractor Supply Co. (NASDAQ: TSCO) tenant; S&P Investment Grade BBB rating.
  • Net lease with limited landlord responsibilities.
  • 36,573 SF, single-story concrete block building with secured fenced outdoor sales area.
  • Located in Olympic Gateway Plaza with Walmart, Marshalls, and Ross; only Tractor Supply within 47 miles.
  • $79,855 average household income within 7 miles.

Property Details for 1213 Wishkah St

Property type
Other retail properties, Individual retail properties
Square Feet
36,573 SF
Class
A
Year Built/Renovated
1994/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
55,321 SF
Units
1

Location Insight

City
Aberdeen
County
Grays Harbor
State
Washington
Latitude
46.9764315
Longitude
-123.8018542
1213 Wishkah St, Aberdeen, Washington

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1213 Wishkah St
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