717 Vandercook WayLongview, WA 98632

Property Details for 717 Vandercook Way

Property size (Sq ft)

11,562 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a two-building, 11,562 square foot retail shopping center in Longview, Washington's Central Business District (CBD). Currently boasting 100% occupancy across seven units, this multi-tenant property generates a substantial net operating income (NOI) of $158,605, translating to a compelling 6.47% capitalization rate. The property sits on a sizable 21,444 square foot lot, offering ample parking and a rear parking easement. Its prime corner location ensures excellent visibility and signage opportunities. A majority of the units have undergone tasteful updates within the past five years. The two-story buildings feature a mix of storefront and shopping center spaces, all under a triple net (NNN) lease structure. With historically low vacancy rates and potential for future rent increases, this property presents a strong, stable income stream and significant upside potential for investors seeking a high-return retail investment in a thriving Washington market. The asking price is $2,450,000, or $211 per square foot. Property tax parcel numbers are 2-3850 and 1-0001.

Location Insight

City

Longview

County

Cowlitz

State

Washington

Latitude

46.1453

Longitude

-122.924

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].