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Shopping Strip

Marineland Plaza

5215 W Clearwater Ave, Kennewick, WA 99336

Listing Price: $8,800,000

Cap Rate
7.38%
Gross SF
47,592
Rentable SF
47,592
Price/Gross SF
$184.91
Lot Size
4.41 acres
Year Built
1987

Investment Overview

Marcus & Millichap has been exclusively chosen to market Marineland Plaza, a thriving retail center prominently located on a signalized hard corner with exposure to over 37,000 vehicles per day from surrounding streets, ensuring exceptional visibility and steady customer traffic. The plaza spans two parcels totaling 47,595 square feet on 4.41 acres, featuring 24 suites and ample on-site parking with multiple points of ingress and egress for maximum convenience. Shadow anchored by Safeway, the center benefits from strong foot traffic and a synergistic mix of national and local tenants, contributing to its nearly full occupancy.

Originally built in 1987 and extensively renovated in 2018 with modern architectural updates, Marineland Plaza offers a contemporary shopping environment that appeals to both tenants and customers. Located in the heart of Kennewick-a city experiencing significant growth as part of the Tri-Cities metropolitan area with a combined population exceeding 304,000, the plaza is well-positioned to capitalize on continued regional development and demand for quality retail and service destinations.

Investment Highlights

  • Marineland Plaza sits on a prime signalized corner in Kennewick, with 37,000+ daily cars, great access, and ample parking—offering top visibility and strong customer traffic.
  • Built in 1987 and renovated in 2018, the plaza offers modern appeal, strong occupancy, and stable cash flow with rental growth potential.
  • Shadow anchored by Safeway, Marineland Plaza features service-focused tenants and steady foot traffic, offering e-commerce resilience and long-term income stability.
  • Located in growing Kennewick, Marineland Plaza offers below-replacement-cost pricing in a 304,000+ population metro, creating strong investment potential amid rising retail demand.

Exclusively Listed By

  • Eric M. Garske

    First Vice President Investments

    (503) 200-2031

    Email Eric

    License(s): OR: 201235586, ID: SP57407

    Portland

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Shopping Strip

Marineland Plaza

Listing Price: $8,800,000

Cap Rate
7.38%
Gross SF
47,592
Rentable SF
47,592
Price/Gross SF
$184.91
Lot Size
4.41 acres
Year Built
1987

Investment Highlights

  • Marineland Plaza sits on a prime signalized corner in Kennewick, with 37,000+ daily cars, great access, and ample parking—offering top visibility and strong customer traffic.
  • Built in 1987 and renovated in 2018, the plaza offers modern appeal, strong occupancy, and stable cash flow with rental growth potential.
  • Shadow anchored by Safeway, Marineland Plaza features service-focused tenants and steady foot traffic, offering e-commerce resilience and long-term income stability.
  • Located in growing Kennewick, Marineland Plaza offers below-replacement-cost pricing in a 304,000+ population metro, creating strong investment potential amid rising retail demand.

Investment Overview

Marcus & Millichap has been exclusively chosen to market Marineland Plaza, a thriving retail center prominently located on a signalized hard corner with exposure to over 37,000 vehicles per day from surrounding streets, ensuring exceptional visibility and steady customer traffic. The plaza spans two parcels totaling 47,595 square feet on 4.41 acres, featuring 24 suites and ample on-site parking with multiple points of ingress and egress for maximum convenience. Shadow anchored by Safeway, the center benefits from strong foot traffic and a synergistic mix of national and local tenants, contributing to its nearly full occupancy. Originally built in 1987 and extensively renovated in 2018 with modern architectural updates, Marineland Plaza offers a contemporary shopping environment that appeals to both tenants and customers. Located in the heart of Kennewick-a city experiencing significant growth as part of the Tri-Cities metropolitan area with a combined population exceeding 304,000, the plaza is well-positioned to capitalize on continued regional development and demand for quality retail and service destinations.

Exclusively Listed By

  • Eric M. Garske

    First Vice President Investments

    (503) 200-2031

    Email Eric

    License(s): OR: 201235586, ID: SP57407

    Portland

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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