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Shopping Strip

Evergreen Crossing

14403 NE Fourth Plain Blvd, Vancouver, WA 98682

Listing Price: $5,230,000

Cap Rate
5.50%
Rentable SF
6,913
Lot Size
1.06 acres
Year Built
2019

Investment Overview

Evergreen Crossing, a 6,913-square-foot, three-tenant retail center situated on 1.06 acres along the highly traveled NE Fourth Plain Boulevard corridor in Vancouver, Washington. Built in 2019, the property is anchored by a high-performing drive-thru Starbucks and complemented by ATI Physical Therapy and Chiro One Wellness Centers, creating a strong lineup of nationally recognized, daily-needs tenants. Each tenant operates under a Triple Net (NNN) lease with minimal to no landlord responsibilities, 10% rental increases every five years, and multiple renewal options, providing stable cash flow and long-term income growth. Shadow anchored by Walmart Supercenter, the property is surrounded by a dense concentration of national retailers including Goodwill, Dutch Bros, Chase Bank, Panda Express, and many others. The area continues to benefit from significant commercial investment, including the recently completed 184,000-square-foot CSB Beverages distribution warehouse, a planned Amazon distribution facility, the future 11-acre CCS Live campus, and Hurley Development’s Kestrel Commercial, a 52,525-square-foot retail development featuring eight commercial pads for restaurants and neighborhood-serving retail. These ongoing developments are expected to further strengthen consumer traffic, employment growth, and the property’s long-term investment appeal.

Investment Highlights

  • Evergreen Crossing is anchored by a top 70th percentile (Placer.ai) drive-thru Starbucks and complemented by ATI Physical Therapy and Chiro One, providing a strong daily-needs tenant mix.
  • All three tenants operate under Triple Net (NNN) leases with minimal landlord responsibilities, 10% rent increases every five years, and renewal options for long-term income growth.
  • Positioned on NE Fourth Plain Blvd, the property is shadow anchored by Walmart and surrounded by national retailers including Goodwill, Dutch Bros, Chase Bank, and Panda Express.
  • The area continues to grow with the 184,000 SF CSB Beverages warehouse, planned Amazon distribution facility, future CCS Live campus, and new 52,525 SF Kestrel Commercial development.

Exclusively Listed By

Broker of Record

  • Joel Deis

    Senior Managing Director, Market Leader- Washington

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Shopping Strip

Evergreen Crossing

Listing Price: $5,230,000

Cap Rate
5.50%
Rentable SF
6,913
Lot Size
1.06 acres
Year Built
2019

Investment Highlights

  • Evergreen Crossing is anchored by a top 70th percentile (Placer.ai) drive-thru Starbucks and complemented by ATI Physical Therapy and Chiro One, providing a strong daily-needs tenant mix.
  • All three tenants operate under Triple Net (NNN) leases with minimal landlord responsibilities, 10% rent increases every five years, and renewal options for long-term income growth.
  • Positioned on NE Fourth Plain Blvd, the property is shadow anchored by Walmart and surrounded by national retailers including Goodwill, Dutch Bros, Chase Bank, and Panda Express.
  • The area continues to grow with the 184,000 SF CSB Beverages warehouse, planned Amazon distribution facility, future CCS Live campus, and new 52,525 SF Kestrel Commercial development.

Investment Overview

Evergreen Crossing, a 6,913-square-foot, three-tenant retail center situated on 1.06 acres along the highly traveled NE Fourth Plain Boulevard corridor in Vancouver, Washington. Built in 2019, the property is anchored by a high-performing drive-thru Starbucks and complemented by ATI Physical Therapy and Chiro One Wellness Centers, creating a strong lineup of nationally recognized, daily-needs tenants. Each tenant operates under a Triple Net (NNN) lease with minimal to no landlord responsibilities, 10% rental increases every five years, and multiple renewal options, providing stable cash flow and long-term income growth. Shadow anchored by Walmart Supercenter, the property is surrounded by a dense concentration of national retailers including Goodwill, Dutch Bros, Chase Bank, Panda Express, and many others. The area continues to benefit from significant commercial investment, including the recently completed 184,000-square-foot CSB Beverages distribution warehouse, a planned Amazon distribution facility, the future 11-acre CCS Live campus, and Hurley Development’s Kestrel Commercial, a 52,525-square-foot retail development featuring eight commercial pads for restaurants and neighborhood-serving retail. These ongoing developments are expected to further strengthen consumer traffic, employment growth, and the property’s long-term investment appeal.

Exclusively Listed By

Broker of Record

  • Joel Deis

    Senior Managing Director, Market Leader- Washington

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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