611 Valley Mall Pky - Retail FOR SALE


East Wenatchee, WA 98802
$2,926,000 USD
714-400-6267
611 Valley Mall Pky, East Wenatchee, WA for Sale
$2,926,000 USD
Retail - FOR SALE
1/6
null | 7.15% Cap Rate

611 Valley Mall Pky
East Wenatchee, WA 98802


HIGHLIGHTS

  • Corporate NN+ Lease – Minimal landlord responsibilities with approx. 6.7 years of firm term remaining
  • 12+ Years of Historical Occupancy – Tenant executed a 10-year extension in 2023 through March 2033
  • Strong Placer – Wenatchee Valley Mall ranks 84th percentile nationally among shopping centers in U.S-Sportsman's Warehouse ranks #6 of 14 WA locations
  • Wenatchee Valley Mall Location – Located within the largest mall in the entire region and a primary retail destination serving Central Washington
  • 128,400+ Resident MSA – Wenatchee and East Wenatchee serve as the principal commercial and service hub for Central Washington
  • High-Traffic Regional Access – 32,000+ VPD on SR-28 and 56,000+ VPD on SR-285 / Senator George Sellar Bridge, with additional regional connectivity vi

OVERVIEW

We are pleased to present the opportunity to acquire a single-tenant Sportsman's Warehouse in Wenatchee, Washington. The 46,488-square-foot property is subject to a corporate NN+ lease with minimal landlord responsibilities and approximately 6.7 years of firm term remaining. Sportsman's Warehouse has operated at the location for more than 12 years and executed a 10-year lease extension in 2023, demonstrating a long-term commitment to the site and Central Washington market. The property is located within Wenatchee Valley Mall, the largest mall in the entire region and a primary shopping destination serving East Wenatchee, Wenatchee and the broader Central Washington trade area. The mall and surrounding Valley Mall Parkway corridor are supported by a substantial concentration of national retailers including Costco, Fred Meyer, Macy's, Safeway, Hobby Lobby, Grocery Outlet, Marshalls, Ross Dress for Less, PetSmart, Petco, Olive Garden, Famous Footwear, Victoria's Secret and Bath & Body Works. The mall and subject store demonstrate strong Placer.ai performance, with Wenatchee Valley Mall ranking in the 84th percentile nationally among all shopping centers in the U.S. and the subject Sportsman's Warehouse ranking #6 of 14 locations in Washington. The site benefits from prominent frontage, pylon signage and multiple points of ingress and egress, with immediate access to SR-28 carrying approximately 32,000 vehicles per day and SR-285 / Senator George Sellar Bridge carrying approximately 56,000 vehicles per day between East Wenatchee and Wenatchee. US-2 further enhances regional connectivity as a major east-west route through Central Washington. East Wenatchee and Wenatchee together form the principal commercial, healthcare and service center for Central Washington. The Wenatchee–East Wenatchee MSA supports approximately 128,400 residents, with the market drawing consumers from communities throughout Chelan, Douglas, Okanogan, Grant, Kittitas and surrounding counties. The regional economy is supported by agriculture, healthcare, retail, tourism, recreation and public-sector employment. The location is particularly well aligned with the Sportsman's Warehouse customer base. The Columbia River, Cascade Mountains and surrounding lakes and public lands provide extensive access to hunting, fishing, boating, camping, hiking, skiing and other outdoor recreation, supporting year-round demand for outdoor sporting goods. The next nearest Sportsman's Warehouse is approximately 65 miles away, providing limited direct competition within the immediate trade area. This offering provides investors the opportunity to acquire a long-standing corporate Sportsman's Warehouse location with a recent long-term lease extension and a dominant position within one of Central Washington's primary retail corridors. Exclusively Listed in association with Brian Brockman | License No. 27380

FOR SALE DETAILS

PRICE

$2,926,000 USD

PRICE/SF

$63 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sportsman's Warehouse Single-Tenant Net-Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

-

APN/PARCEL ID

03700002925

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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