11608 NE 76th St - Storefront FOR SALE


Vancouver, WA 98662- Orchards Area
$7,385,000 USD
503-326-9000
11608 NE 76th St, Vancouver, WA for Sale
$7,385,000 USD
Storefront - FOR SALE
1/8
null | 5.75% Cap Rate

11608 NE 76th St
Vancouver, WA 98662
Orchards Area


HIGHLIGHTS

  • 15-Year Base Term | 2025 Remodel | Top Performing Lowe’s Synergy
  • Publicly Traded Company | Expanding National Tenant
  • NNN Lease | Limited Landlord Responsibilities | Fee Simple Ownership

OVERVIEW

Capacity Commercial Group, in collaboration with HSM Pacific, is pleased to offer the opportunity to acquire the fee simple interest in a NNN-leased, newly remodeled, corporate-guaranteed (NYSE: FND) Floor & Décor investment property located in Vancouver, Washington (the Property). The tenant, Floor and Décor Outlets of America, Inc. (“Floor & Décor”), signed a 15-year lease with four 5-year options to extend, demonstrating their commitment to the site. The lease is NNN, with landlord responsibilities limited to the repair and replacement of the roof and structure. Floor & Décor is strategically located at the intersection of NE 76th Street and NE 117th Ave, where a combined ±22,000 vehicles pass the site per day, on average. The tenant paid for all recent renovations to the property, thus demonstrating their commitment to the site and significantly reducing relocation risk. Floor & Décor sought this location as a strategic alignment with the neighboring Lowe’s, as it is the #2 store in the State of Washington, per Placer.ai.

FOR SALE DETAILS

PRICE

$7,385,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Floor & Décor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

152

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

GC

APN/PARCEL ID

986065-218

ASK ABOUT THIS PROPERTY

Ashton SummersCapacity Commercial Group LLCMore Info
503-326-9000

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Ashton SummersCapacity Commercial Group LLCMore Info
503-326-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.