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3601 Plaza Way

6,297 SF 51% Leased Retail Building Kennewick, WA 99338 £2,378,404 (£378/SF) 5.75% Net Initial Yield

Investment Highlights

  • STRONG TENANT PROFILE
  • PRIME VISIBILITY AND ACCESSIBILITY
  • AFFLUENT DEMOGRAPHICS
  • VALUE-ADD POTENTIAL

Executive Summary

We are pleased to announce the grand opening of BestMed’s clinic on 10/23/2024!
This new-build, medical/retail property is situated at a high visibility location in a prime submarket adjacent to the newest hospital in the Tri-Cities, WA region. Anchored by a prestigious urgent care operator with over 100 locations, this property offers an unparalleled investment opportunity in the high demand Southridge Medical Submarket and promises exceptional returns in the coming years.
50% of the property is leased to Community Care Partners LLC who operates over 90 urgent care centers located in Oregon, Washington, Montana, Colorado, Wyoming, Louisiana, and Texas. The subject property is operated under their BestMed Urgent Care brand. Community care partners employs a team of over 1,500.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,297 SF
Building Class
B
Year Built
2023
Price
£2,378,404
Price Per SF
£378
Net Initial Yield
5.75%
NOI
£136,758
Percent Leased
51%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.15
Lot Size
0.95 AC
Zoning
Commercial Community
Parking
46 Spaces (7.31 Spaces per 1,000 SF Leased)
Frontage
145 ft on U.S. Highway 395

Amenities

  • 24 Hour Access
  • Bus Route
  • Freeway Visibility
  • Signage
  • Signalised Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • BestMed Urgent Care
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
BestMed Urgent Care Health Care and Social Assistance 99,999 SF - Lorem Ipsum -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 120
  • 3,087 SF
  • Retail
  • End Cap
  • Now

Divisible to 1,200 SF 46 parking spaces Join BestMed Urgent Care at a newly constructed property in an amazing location. Steps away from Trios Health Southridge Hospital with excellent visibility along US Highway 395 and ample parking.

Space Size Space Use Position Available
120 3,087 SF Retail End Cap Now

120

Size
3,087 SF
Space Use
Retail
Position
End Cap
Available
Now

120

Size 3,087 SF
Space Use Retail
Position End Cap
Available Now

Divisible to 1,200 SF 46 parking spaces Join BestMed Urgent Care at a newly constructed property in an amazing location. Steps away from Trios Health Southridge Hospital with excellent visibility along US Highway 395 and ample parking.

Nearby Major Retailers

The Original Pancake House
Costa Vida Fresh Mexican Grill
Anytime Fitness
Starbucks
Orangetheory Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
116891013040010
Land Assessment
£393,784
Improvements Assessment
£1,092,441
Total Assessment
£1,486,225
  • Listing ID: 31378877

  • Date on Market: 01/04/2024

  • Last Updated:

  • Address: 3601 Plaza Way, Kennewick, WA 99338

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