Property Details

4101 SE 192nd Ave

Vancouver, WA 98683

$2,650,000

Pending

CBA# 713403 courtesy of CBA Listing firm: Kidder Mathews

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I’d like more information about 4101 SE 192nd Ave, Vancouver, MLS# 713403

Office / Retail

Property Type

4,594

Bldg Sq Ft

6.00%

Cap Rate

2007

Year Built

Property Overview

We are pleased to present the opportunity to acquire Riverstone Marketplace, a two-tenant retail center located in highly desirable Vancouver, WA.Riverstone Marketplace is shadow-anchored by a QFC-anchored shopping center and benefits from a shared primary access point, driving consistent daily-needs traffic and strong cross-shopping activity. The property is ideally located within a growing, affluent submarket of east Vancouver along the 192nd corridor, and surrounded by national and regional retailers. Domino's has occupied the property since 2017 and recently signed a 10 year firm term lease renewal. -Mission Pet Health is in process of completing an estimated $900,000 tenant improvement for this location and is expected to open in October of this year.Mission Pet Health operates in 42 states and has over 900 locations across the country. The tenant is completing an estimated $900,000 tenant improvement at this location, underscoring long-term commitment, with an anticipated opening in October-Domino's has occupied this location since 2017 and recently signed a new 10 year lease extension with 3% annual increases-Strategically positioned across from a QFC-anchored shopping center, benefiting from consistent daily-needs traffic and co-tenancy synergy-Both tenants operate on triple-net (NNN) leases, providing full reimbursement of operating expenses and minimizing landlord responsibilities for a passive ownership structure-Situated on SE 192nd Avenue, one of Vancouver’s most active retail corridors, serving a rapidly expanding trade area with strong residential growth and retail demand-Located in a high-income submarket of east Vancouver, characterized by above-average household incomes, strong population growth, and a stable consumer base