Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Ambitions office located at 402 N Neel St in Kennewick, Washington. The property consists of a 4,022-square foot building on a 0.45-acre lot. Ambitions is located within the Sanders Office Complex one block north of Clearwater Ave, the primary east-west arterial in the city. Traffic counts exceed 20,000 on Clearwater Ave near the property. Ambitions occupies the single-tenant building under a triple-net (NNN) lease. There are 8+ years remaining on the current lease term, which expires June 28, 2034, and the tenant has three, 5-year renewal options remaining. The rent increases 2% annually throughout the lease term. In addition to the monthly rental payment, Ambitions pays all direct operating expenses pertaining to the property including real estate taxes, insurance, utilities, repairs & maintenance, and building alterations. Any capital repair or improvement that extends the life of the property beyond the lease term would be prorated between landlord and tenant based on the length of time remaining on the lease. Ambitions offers support services to individuals with developmental disabilities. The company has 11 offices located throughout Washington state. Kennewick is located in southeastern Washington state at the confluence of the Columbia, Snake, and Yakima Rivers. With a population of 87,790 (2025 estimate), Kennewick is the most populous city of the "Tri-Cities", which also includes the nearby cities of Pasco, Richland, and West Richland. Since 2000, the Tri-Cities has been the fastest growing metro area in Washington state.