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Thayer Dr Retail Strip Center 1217 Thayer Dr 5,181 SF 100% Leased Retail Building Richland, WA 99354 $1,321,683 CAD ($255.10 CAD/SF) 7.71% Cap Rate

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Executive Summary

This fully occupied neighborhood retail center offers a strong and diverse tenant mix along with an established operating history. Current tenants include a coffee stand, a preschool, and a live fish wholesaler. The property features an expansive parking lot, providing ample convenience for customers and staff. This presents an excellent opportunity for a stable, passive investment.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
5,181 SF
Building Class
C
Year Built
1943
Price
$1,321,683 CAD
Price Per SF
$255.10 CAD
Cap Rate
7.71%
NOI
$101,852 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.91 AC
Zoning
C-1 - Neighborhood Retail

Nearby Major Retailers

Banner Bank
CrossFit
U.S. Bank
Chase Bank
Bank of America
Bank of Montreal
Denny's
Columbia Bank
Planet Fitness
Premier Martial Arts

Property Taxes

Property Taxes

Parcel Number
110981020271005
Land Assessment
$204,561 CAD
Improvements Assessment
$341,671 CAD
Total Assessment
$546,232 CAD
  • Listing ID: 39479792

  • Date on Market: 2026-02-18

  • Last Updated:

  • Address: 1217 Thayer Dr, Richland, WA 99354

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