15650 Fourth Plain BlvdVancouver, WA 98682

For Sale
$2,920,000

New Retail Center, 100% Occupied, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, 6,510 square foot retail shopping center in Vancouver, Washington, boasting 100% occupancy across six tenants. Built in 2023, the property features high-quality finishes and a transferable roof warranty. The absolute NNN leases, with annual rent increases, provide a secure investment with minimal landlord responsibilities. The center benefits from a strategic location between a high-performing Walmart and Safeway, ensuring significant foot traffic. Situated on a 0.59-acre lot at a signalized, hard-corner location, the property enjoys excellent visibility. The surrounding area is experiencing robust growth, with new retail and industrial developments underway, further enhancing the property's value. The strong demographics, including a population of over 208,000 within a 5-mile radius and average household incomes exceeding $94,000, contribute to a stable and expanding market. The property offers a 6.42% cap rate and a substantial net operating income (NOI) of $187,599. Leases commenced October 31, 2023, and expire December 30, 2028, with lease options available. This fee-simple ownership presents a compelling investment opportunity in a thriving market. The property's location in Clark County, Washington, offers the added benefit of being in an income tax-free state.

Highlights

  • 100% occupied, six-tenant retail center in Vancouver, WA.
  • NNN leases with annual rent increases and minimal landlord responsibilities.
  • Brand new (2023) construction with transferable roof warranty.
  • High-visibility, signalized hard-corner location between Walmart and Safeway.
  • Strong trade area with new development and affluent demographics (over 208,000 population within 5 miles, average household income exceeding $94,000).
  • Located in Clark County, Washington, an income tax-free state.

Property Details for 15650 Fourth Plain Blvd

Property type
Lifestyle centers, Power centers
Square Feet
6,510 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
25,700 SF
Units
6

Location Insight

City
Vancouver
County
Clark
State
Washington
Latitude
45.67309144
Longitude
-122.51240636
15650 Fourth Plain Blvd, Vancouver, Washington

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15650 Fourth Plain Blvd
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