Sportsman's Warehouse Single-Tenant Net-Lease 611 Valley Mall Pky 46,488 SF Retail Building East Wenatchee, WA 98802 $4,038,963 CAD ($86.88 CAD/SF) 7.15% Cap Rate

We are pleased to present the opportunity to acquire a single-tenant Sportsman's Warehouse in Wenatchee, Washington. The 46,488-square-foot property is subject to a corporate NN+ lease with minimal landlord responsibilities and approximately 6.7 years of firm term remaining. Sportsman's Warehouse has operated at the location for more than 12 years and executed a 10-year lease extension in 2023, demonstrating a long-term commitment to the site and Central Washington market.
The property is located within Wenatchee Valley Mall, the largest mall in the entire region and a primary shopping destination serving East Wenatchee, Wenatchee and the broader Central Washington trade area. The mall and surrounding Valley Mall Parkway corridor are supported by a substantial concentration of national retailers including Costco, Fred Meyer, Macy's, Safeway, Hobby Lobby, Grocery Outlet, Marshalls, Ross Dress for Less, PetSmart, Petco, Olive Garden, Famous Footwear, Victoria's Secret and Bath & Body Works.
The mall and subject store demonstrate strong Placer.ai performance, with Wenatchee Valley Mall ranking in the 84th percentile nationally among all shopping centers in the U.S. and the subject Sportsman's Warehouse ranking #6 of 14 locations in Washington.
The site benefits from prominent frontage, pylon signage and multiple points of ingress and egress, with immediate access to SR-28 carrying approximately 32,000 vehicles per day and SR-285 / Senator George Sellar Bridge carrying approximately 56,000 vehicles per day between East Wenatchee and Wenatchee. US-2 further enhances regional connectivity as a major east-west route through Central Washington.
East Wenatchee and Wenatchee together form the principal commercial, healthcare and service center for Central Washington. The Wenatchee–East Wenatchee MSA supports approximately 128,400 residents, with the market drawing consumers from communities throughout Chelan, Douglas, Okanogan, Grant, Kittitas and surrounding counties. The regional economy is supported by agriculture, healthcare, retail, tourism, recreation and public-sector employment.
The location is particularly well aligned with the Sportsman's Warehouse customer base. The Columbia River, Cascade Mountains and surrounding lakes and public lands provide extensive access to hunting, fishing, boating, camping, hiking, skiing and other outdoor recreation, supporting year-round demand for outdoor sporting goods. The next nearest Sportsman's Warehouse is approximately 65 miles away, providing limited direct competition within the immediate trade area.
This offering provides investors the opportunity to acquire a long-standing corporate Sportsman's Warehouse location with a recent long-term lease extension and a dominant position within one of Central Washington's primary retail corridors.
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