Pacific 63 Center Retail FOR SALE


Vancouver, WA - West Minnehaha
$4,999,999 USD
206-747-4338
, Vancouver, WA for Sale
$4,999,999 USD
Retail - FOR SALE
1/11
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Pacific 63 Center
Vancouver, WA
West Minnehaha


HIGHLIGHTS

  • Current rents average $13.83 psf - far below the market rate with nearby rent comparables averaging $18 NNN for similar retail space
  • Value-add opportunity for future owner to raise rents and transition leases to NNN reimbursement structure
  • Potential $51k+ increase to NOI by converting 2026 tenant renewals to NNN lease structure
  • 7-Eleven is ranked as the #4 location in Washington State, per Placer.ai and located on separate parcel creating optionality for future ownership
  • Priced well below replacement cost at $176 psf and located on 2.46 acres of land located at a signalized hard corner
  • Pride of ownership with substantial recent capital improvements completed which include several new roofs, seal coat & stripe parking lot

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire the Pacific 63 Center, a generational opportunity to acquire a compelling value-add shopping center strategically located on a high traffic, signalized corner with 2.46 acres of land area in Vancouver, Washington. Anchored by the #4 ranked 7-Eleven in Washington State, per Placer.ai and featuring a separate parcel allowing for optionality in future ownership strategies. Current in-place rents average just $13.83 psf, significantly below prevailing market rates for similar retail space which average $18 psf plus NNN reimbursement. This creates an exceptional opportunity for future ownership to transition the current tenancy to full NNN reimbursement structures, or significantly boost NOI through new tenant lease up.

ASK ABOUT THIS PROPERTY

David GellnerKidder MathewsMore Info
206-747-4338

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David GellnerKidder MathewsMore Info
206-747-4338

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