The Offering is a NNN-leased Big 5 Sporting Goods (NASDAQ: BGFV), positioned within a high-traffic shopping center anchored by WinCo Foods and Dollar Tree, with Starbucks, Jack in the Box, and Applebee’s outparcels. Big 5 has operated at this site since its original construction in 2003, highlighting its long-term commitment to the location.
The Property benefits from excellent visibility and access via George Washington Way and the SR 240/I-82 full interchange, with combined daily traffic counts exceeding 42,000 vehicles. It is ideally situated adjacent to key recreational amenities including the Columbia Point Golf Course, Richland Yacht Club, and the Columbia River boat ramp, reinforcing its position as a premier sporting goods destination.
Located in the heart of Washington’s rapidly growing Tri-Cities region, the surrounding 5-mile radius population has grown over 37% since 2010. The area boasts strong household demographics, with over 51,000 households earning an average income of $111,000. Retail fundamentals remain robust, with submarket vacancy for comparable properties at just 0.7%, supporting long-term tenant stability and potential rent growth.