12306 NE Fourth Plain Blvd 2,535 SF 100% Leased Retail Building Vancouver, WA 98682 $2,806,020 CAD ($1,106.91 CAD/SF) 6.17% Cap Rate

GREASE MONKEYis a well-established, long-term tenant operating for over
10 years at its 2,520 SF building on 0.70 acres along NE Fourth Plain Boulevard, a
highly trafficked corridor with more than 39,000 vehicles per day (VPD). Built in
2001, the property benefits from a low-maintenance structure with the owner
only responsible for the roof, walls, and foundation of the Grease Monkey
facility. The site sits adjacent to Caliber Collision, from which the property
receives full reimbursement of real estate taxes, further enhancing stability and
predictable expenses for ownership. Both Grease Monkey and Dev’s Coffee Bar
leases include annual CPI rent increases with no ceiling, ensuring reliable rental
growth over time.
Adding complementary value to the lot, DEV’S COFFEE BAR operates a
160 SF double drive-thru café, bringing the site’s total building size to 2,680 SF.
A family-owned concept well known in the Pacific Northwest for its handcrafted
beverages and house-made breakfast bagels, Dev’s serves as a popular daily stop
and local community hub with a lease extending until 2028. The property is less
than a mile from Vancouver Mall and surrounded by major retail destinations
such as Evergreen Station and Orchards Market Center, home to national tenants
including Starbucks, Petco, Planet Fitness, and LA Fitness, drawing consistent
consumer and commuter traffic to the area.