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5215 Clearwater Ave
Kennewick, WA 99336
Marineland Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Traffic Retail Corridor
- Small Suite Retail Strip Center with Quality Tenant Mix
- Newer Roof and HVAC Units
EXECUTIVE SUMMARY
THE GARSKE GROUP OF MARCUS & MILLICHAP HAS BEEN
EXCLUSIVELY CHOSEN TO MARKET MARINELAND PLAZA,
a thriving retail center prominently located on a signalized hard corner
with exposure to over 37,000 vehicles per day from surrounding
streets, ensuring exceptional visibility and steady customer traffic.
The plaza spans two parcels totaling 47,595 square feet on 4.41
acres, featuring 24 suites and ample on-site parking with multiple
points of ingress and egress for maximum convenience. Shadow
anchored by Safeway, the center benefits from strong foot traffic
and a synergistic mix of national and local tenants, contributing to its
nearly full occupancy
.
Originally built in 1987 and extensively renovated in 2018 with modern
architectural updates, Marineland Plaza offers a contemporary
shopping environment that appeals to both tenants and customers.
Located in the heart of Kennewick-a city experiencing significant
growth as part of the Tri-Cities metropolitan area with a combined
population exceeding 304,000, the plaza is well-positioned to
capitalize on continued regional development and demand for quality retail and service destinations.
EXCLUSIVELY CHOSEN TO MARKET MARINELAND PLAZA,
a thriving retail center prominently located on a signalized hard corner
with exposure to over 37,000 vehicles per day from surrounding
streets, ensuring exceptional visibility and steady customer traffic.
The plaza spans two parcels totaling 47,595 square feet on 4.41
acres, featuring 24 suites and ample on-site parking with multiple
points of ingress and egress for maximum convenience. Shadow
anchored by Safeway, the center benefits from strong foot traffic
and a synergistic mix of national and local tenants, contributing to its
nearly full occupancy
.
Originally built in 1987 and extensively renovated in 2018 with modern
architectural updates, Marineland Plaza offers a contemporary
shopping environment that appeals to both tenants and customers.
Located in the heart of Kennewick-a city experiencing significant
growth as part of the Tri-Cities metropolitan area with a combined
population exceeding 304,000, the plaza is well-positioned to
capitalize on continued regional development and demand for quality retail and service destinations.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Building Size
47,595 SF
Building Class
B
Year Built/Renovated
1987/2018
Price
$11,865,320 CAD
Price Per SF
$249.30 CAD
Cap Rate
7.67%
NOI
$910,070 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
4.41 AC
Frontage
432’ on Clearwater Ave
PROPERTY TAXES
| Parcel Number | 104892010424005 | Improvements Assessment | $2,853,456 CAD |
| Land Assessment | $1,117,253 CAD | Total Assessment | $3,970,709 CAD |
PROPERTY TAXES
Parcel Number
104892010424005
Land Assessment
$1,117,253 CAD
Improvements Assessment
$2,853,456 CAD
Total Assessment
$3,970,709 CAD
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