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Ulta Beauty Pad 1232 N Columbia Center Blvd 8 954 pi² Commerce de détail Immeuble Kennewick, WA 99336 5 773 820 $ CAD (644,83 $ CAD/pi²) 5,99% Taux de capitalisation
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Faits saillants de l'investissement
- #1 ULTA location in Washington State and ranked within the top 3% of all ULTA stores nationwide by visits and $12.1 million in estimated annual sales
- Approximately six years of remaining lease term with four, five-year renewal options. Lease features 10% rent escalations throughout the option period
- Kennewick-Richland retail vacancy of approximately 3.3% with minimal new construction pipeline
- Freestanding ULTA Beauty renovated in 2022 as part of a new 10-year lease commitment
- Positioned along N Columbia Center Blvd with exposure to approximately 28,000 vehicles per day. Pad site to Columbia Square Mall.
- Passive NNN lease structure with minimal landlord responsibilities
Résumé de l'annonce
Northmarq is pleased to present the opportunity to acquire a freestanding Ulta Beauty located at 1232 N Columbia Center Blvd in Kennewick, Washington. The Property was renovated for Ulta Beauty in 2022 as part of a new 10-year lease and currently has approximately six years of remaining term and four, five-year renewal options. The lease includes continued 10% escalations throughout the option periods, providing investors with a passive and steadily growing income stream.
This location is the #1 Ulta in Washington State and ranks within the top 3% of all Ulta stores nationwide by visits according to Placer.ai. The store generates approximately $12.1 million in estimated annual sales, drawing more than 473,000 annual visits annually. Positioned along N Columbia Center Blvd (±28,000 VPD) as a pad site to Columbia Square Mall, the Property benefits from dominant regional retail traffic, strong surrounding demographics, and limited competing retail supply within the Tri-Cities market.
This location is the #1 Ulta in Washington State and ranks within the top 3% of all Ulta stores nationwide by visits according to Placer.ai. The store generates approximately $12.1 million in estimated annual sales, drawing more than 473,000 annual visits annually. Positioned along N Columbia Center Blvd (±28,000 VPD) as a pad site to Columbia Square Mall, the Property benefits from dominant regional retail traffic, strong surrounding demographics, and limited competing retail supply within the Tri-Cities market.
Faits sur la propriété
Type de vente
Investissement
Condition de vente
Valeur opérationnelle comprise
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
8 954 pi²
Classe d’immeuble
B
Année de construction
1995
Prix
5 773 820 $ CAD
Prix par pi²
644,83 $ CAD
Taux de capitalisation
5,99%
Revenu net d’exploitation
346 098 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,38
Taille du lot
0,54 AC
Zone de développement économique
Oui
Stationnement
76 places (8,49 places par 1 000 pi² loué)
Commodités
- Affichage
- Climatisation
Moyennement accessible à pied
60/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Moyennement accessible en vélo
60/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 132992000007002 | Évaluation des bâtiments | 2 418 900 $ CAD |
| Évaluation du terrain | 1 080 837 $ CAD | Évaluation totale | 3 499 737 $ CAD |
Impôts fonciers
Numéro de lot
132992000007002
Évaluation du terrain
1 080 837 $ CAD
Évaluation des bâtiments
2 418 900 $ CAD
Évaluation totale
3 499 737 $ CAD
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Ulta Beauty Pad | 1232 N Columbia Center Blvd
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