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Shopping Strip

Columbia Square Retail

13503 SE Mill Plain Blvd, Vancouver, WA 98684

Listing Price: $4,170,000

Cap Rate
6.15%
Gross SF
11,567
Rentable SF
11,567
Price/Gross SF
$360.51
Lot Size
1.74 acres
Year Built
1988

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Columbia Square Retail, a rare opportunity to own both a retail strip and a Bank of America out-pad within a thriving grocery anchored shopping center. Columbia Square Retail is 100 percent occupied with over 60 percent of current tenants having been at the Property for over 10 years. In 2019, Bank of America fully remodeled their building with their own capital demonstrating their long-term commitment to the location. The Property features landlord favorable leases with all of the tenants operating on NNN leases. The Property is anchored by award-winning grocer Chuck's Produce, a prominent community grocer in the Vancouver, Washington market. The Property is located in the rapidly growing Vancouver, Washington submarket which has grown by over 14 percent in the last decade and features annual household incomes in excess of $90,000/year. Columbia Square Retail also benefits from large traffic counts in excess of 48,000+ VPD.

Investment Highlights

  • Grocery Anchored Retail Property within Successful Shopping Center
  • 100 Percent Occupied with Strong Historical Occupancy
  • Recent Bank of America Remodel and Ideal Bank Format
  • Attractive NNN Lease Structure
  • Diverse, Service and Daily Needs Oriented Tenant Mix
  • Located in Affluent, High-Growth Submarket
  • Income Tax Free State

Exclusively Listed By

Shopping Strip

Columbia Square Retail

Listing Price: $4,170,000

Cap Rate
6.15%
Gross SF
11,567
Rentable SF
11,567
Price/Gross SF
$360.51
Lot Size
1.74 acres
Year Built
1988

Investment Highlights

  • Grocery Anchored Retail Property within Successful Shopping Center
  • 100 Percent Occupied with Strong Historical Occupancy
  • Recent Bank of America Remodel and Ideal Bank Format
  • Attractive NNN Lease Structure
  • Diverse, Service and Daily Needs Oriented Tenant Mix
  • Located in Affluent, High-Growth Submarket
  • Income Tax Free State

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Columbia Square Retail, a rare opportunity to own both a retail strip and a Bank of America out-pad within a thriving grocery anchored shopping center. Columbia Square Retail is 100 percent occupied with over 60 percent of current tenants having been at the Property for over 10 years. In 2019, Bank of America fully remodeled their building with their own capital demonstrating their long-term commitment to the location. The Property features landlord favorable leases with all of the tenants operating on NNN leases. The Property is anchored by award-winning grocer Chuck's Produce, a prominent community grocer in the Vancouver, Washington market. The Property is located in the rapidly growing Vancouver, Washington submarket which has grown by over 14 percent in the last decade and features annual household incomes in excess of $90,000/year. Columbia Square Retail also benefits from large traffic counts in excess of 48,000+ VPD.

Exclusively Listed By

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