1020 Stratford RdMoses Lake, WA 98837

  • Retail properties
  • 91,908 SF
For Lease

Property Details for 1020 Stratford Rd

Year built
1992
Lot size
6.82 AC
Property size (Sq ft)
91,908 SF
Property type
Retail properties
Property subtype
Strip malls
APN
90629003
APU
90629003

Description

This exceptional retail opportunity is located in the thriving Moses Lake Town Center, a premier shopping destination in Grant County. The property boasts a total of 79,850 square feet of retail space, currently offering one immediately available unit of 16,000 contiguous square feet. This space is ideal for a variety of retail uses, benefiting from its prime location within the heart of Moses Lake's retail core. The center enjoys exceptional visibility and high foot traffic, driven by its strong anchor tenants. These include well-established national retailers such as Winco, Marshall's, JoAnn's, Sportsman's Warehouse, and Ulta, creating a synergistic environment that attracts a large and diverse customer base. The available space is easily accessible and offers ample parking for customers and employees. The minimum divisible space is 16,000 square feet, making it suitable for a significant retail operation seeking a prominent presence in this dynamic market. This is a rare chance to secure a space in a successful, established retail center with a proven track record of attracting shoppers and generating revenue. The property's strategic location and strong tenant mix make it an attractive investment for businesses seeking to establish or expand their presence in the Moses Lake area. The opportunity presents a unique chance to capitalize on the robust retail environment of Moses Lake Town Center.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $27,529,874
    6.5%
    $25,412,192
    7%
    $23,597,034
  • Comparable approach

    Method
    Valuation
    Relative Method
    $49,381,176
    Geo Method
    $49,381,176
  • Alternative Use

    Use
    Valuation
    Residential
    $21,436,134
    Hospitality
    $19,635,384
    Educational
    $16,336,409
    Medical
    $16,898,242
    Retail
    $25,412,192
1020 Stratford Rd, Moses Lake, Washington

Location Insight

City
Moses Lake
County
Grant
State
Washington
Latitude
47.1427
Longitude
-119.281
CBSA code
34180
CBSA name
MOSES LAKE, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$580,152
$10,301,514
$10,881,666
-
$580,152
$10,301,514
$10,881,666

FAQs

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