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6115 NE 114th Ave 11,865 SF 100% Leased Retail Building Vancouver, WA 98662 $5,814,357 CAD ($490.04 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Multi-tenant Retail NNN Investment Opportunity in Orchards
- Shadow anchored by Walgreens
- Located in the Orchards submarket near NE Fourth Plain Boulevard, a well-established retail corridor with strong neighborhood visibility
- Average length of tenancy at the property is more than 8 years
- Diverse Tenant mix including: Ukrainian Federal Credit Union, Liberty Coin & Currency, Best Foot Reflexology, and Value Dental Inc., El Burrito Mojado
- Nearby major national retailers including LA Fitness, Petco, Sportsmans Warehouse, and Big 5
Executive Summary
100% Leased NNN Retail Investment Asset
Orchards Square | 5 Tenants
Sale Price: $4,150,000
CAP Rate: 6.25%
NOI: $259,178
Building Size: 11,865 SF
Lot Size: 1.38 AC
Orchards Square | 5 Tenants
Sale Price: $4,150,000
CAP Rate: 6.25%
NOI: $259,178
Building Size: 11,865 SF
Lot Size: 1.38 AC
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,865 SF
Building Class
B
Year Built
2006
Price
$5,814,357 CAD
Price Per SF
$490.04 CAD
Cap Rate
6.25%
NOI
$363,121 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.46 AC
Zoning
CG - CG (Commercial General)
Parking
60 Spaces (5.06 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Flyer Coming Soon! Endcap 2nd Generation Restaurant Space Hood & Interceptor Walk-in Cooler Center is anchord by Walgreens Central Orchards Location near SR 500 & Fourth Plain
| Space | Size | Space Use | Position | Available |
| 101 | 2,326 SF | Restaurant | End Cap | 30 Days |
101
| Size |
| 2,326 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| 30 Days |
101
| Size | 2,326 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | 30 Days |
Flyer Coming Soon! Endcap 2nd Generation Restaurant Space Hood & Interceptor Walk-in Cooler Center is anchord by Walgreens Central Orchards Location near SR 500 & Fourth Plain
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 157503-005 | Improvements Assessment | $2,908,269 CAD |
| Land Assessment | $1,522,374 CAD | Total Assessment | $4,430,643 CAD |
Property Taxes
Parcel Number
157503-005
Land Assessment
$1,522,374 CAD
Improvements Assessment
$2,908,269 CAD
Total Assessment
$4,430,643 CAD
Contacts
-
Nicholas Diamond -
Riley Henderson -
Michael Horter -
Capacity Commercial Group LLC
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6115 NE 114th Ave
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