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6202-6204 NE Highway 99
Vancouver, WA 98665
Pacific 63 Center · Retail Property For Sale
·
27,163 SF Total
Investment Highlights
- Current rents average $13.83 psf - far below the market rate with nearby rent comparables averaging $18 NNN for similar retail space
- Potential $51k+ increase to NOI by converting 2026 tenant renewals to NNN lease structure
- Priced well below replacement cost at $176 psf and located on 2.46 acres of land located at a signalized hard corner
- Value-add opportunity for future owner to raise rents and transition leases to NNN reimbursement structure
- 7-Eleven is ranked as the #4 location in Washington State, per Placer.ai and located on separate parcel creating optionality for future ownership
- Pride of ownership with substantial recent capital improvements completed which include several new roofs, seal coat & stripe parking lot
Executive Summary
Kidder Mathews is pleased to present the opportunity to acquire the Pacific 63 Center, a generational opportunity to acquire a compelling value-add shopping center strategically located on a high traffic, signalized corner with 2.46 acres of land area in Vancouver, Washington. Anchored by the #4 ranked 7-Eleven in Washington State, per Placer.ai and featuring a separate parcel allowing for optionality in future ownership strategies.
Current in-place rents average just $13.83 psf, significantly below prevailing market rates for similar retail space which average $18 psf plus NNN reimbursement. This creates an exceptional opportunity for future ownership to transition the current tenancy to full NNN reimbursement structures, or significantly boost NOI through new tenant lease up.
Current in-place rents average just $13.83 psf, significantly below prevailing market rates for similar retail space which average $18 psf plus NNN reimbursement. This creates an exceptional opportunity for future ownership to transition the current tenancy to full NNN reimbursement structures, or significantly boost NOI through new tenant lease up.
Property Facts
| Price / SF | $252.11 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment NNN | Total Building Size | 27,163 SF |
| Status | Active | Total Land Area | 2.02 AC |
| Number of Properties | 3 |
| Price / SF | $252.11 CAD / SF |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 27,163 SF |
| Total Land Area | 2.02 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6202-6204 NE Highway 99, Vancouver, WA 98665 | Retail | 20,930 SF | 1979 | - |
|
Midas Auto Service
6200 NE Highway 99, Vancouver, WA 98665 |
Retail | 3,733 SF | 1978 | - |
| 6212 NE Highway 99, Vancouver, WA 98665 | Retail | 2,500 SF | 1995 | - |
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