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1102 Springwater Ave
Wenatchee, WA 98801
Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Absolute NNN
- Only full-size Target within 150 miles
- Anchors the #1 shopping center in a 50-mile radius
- Fortune 50 credit, rated A/A2/A
- New 5-year lease extension through September 2031
- Below-market rent at $2.43/SF
Résumé de l'annonce
FOR SALE: TARGET - $4.87M - $50/SF - LOW RENT - NNN - WENATCHEE, WA
The only full-size Target within 150 miles, offered at $50/SF on an absolute NNN lease. Target exercised a new 5-year option extension through September 2031 with three additional options remaining. In-place rent of $2.43/SF/YR is significantly below market with upside at expiration. The property anchors Valley North Center, the #1 shopping center in a 50-mile radius and a top 10% performer nationwide with 3.5M annual visits.
Highlights:
• Absolute NNN
• Fortune 50 credit, rated A/A2/A
• Only full-size Target within 150 miles
• New 5-year lease extension through September 2031
• 3 remaining options with 10% rent bumps each — cap rate grows to 6.64% by 2046
• Below-market rent at $2.43/SF
• Fee simple land ownership, 5.71 acres
• Anchors the #1 shopping center in a 50-mile radius
The only full-size Target within 150 miles, offered at $50/SF on an absolute NNN lease. Target exercised a new 5-year option extension through September 2031 with three additional options remaining. In-place rent of $2.43/SF/YR is significantly below market with upside at expiration. The property anchors Valley North Center, the #1 shopping center in a 50-mile radius and a top 10% performer nationwide with 3.5M annual visits.
Highlights:
• Absolute NNN
• Fortune 50 credit, rated A/A2/A
• Only full-size Target within 150 miles
• New 5-year lease extension through September 2031
• 3 remaining options with 10% rent bumps each — cap rate grows to 6.64% by 2046
• Below-market rent at $2.43/SF
• Fee simple land ownership, 5.71 acres
• Anchors the #1 shopping center in a 50-mile radius
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
97 000 pi²
Classe d’immeuble
B
Année de construction
1996
Prix
6 746 119 $ CAD
Prix par pi²
69,55 $ CAD
Taux de capitalisation
4,85%
Revenu net d’exploitation
327 097 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Quais de chargement
3 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,39
Taille du lot
5,71 AC
Stationnement
316 places (3,26 places par 1 000 pi² loué)
Façade
494’ sur Springwater Ave
Commodités
- Ligne d'autobus
- Enseigne sur pylône
- Affichage
1 de 7
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
