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Thayer Dr Retail Strip Center 1217 Thayer Dr 5,181 SF 100% Leased Retail Building Richland, WA 99354 $1,311,918 CAD ($253.22 CAD/SF) 7.71% Cap Rate
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
$1,311,918 CAD
Price Per SF
$253.22 CAD
Cap Rate
7.71%
NOI
$101,099 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.91 AC
Zoning
C-1 - Neighborhood Retail
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 110981020271005 | Improvements Assessment | $342,699 CAD |
| Land Assessment | $205,176 CAD | Total Assessment | $547,875 CAD |
Property Taxes
Parcel Number
110981020271005
Land Assessment
$205,176 CAD
Improvements Assessment
$342,699 CAD
Total Assessment
$547,875 CAD
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Thayer Dr Retail Strip Center | 1217 Thayer Dr
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