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Shopping Community

Willapa Marketplace

700 Willapa Pl, Raymond, WA 98577

Listing Price: $5,200,000

Cap Rate
7.12%
Gross SF
42,105
Rentable SF
42,105
Price/Gross SF
$123.50
Lot Size
4.17 acres
Year Built
1975

Investment Overview

Marcus & Millichap has been exclusively selected to market for sale at Willapa Marketplace, a multi-tenant Grocery Anchored investment property located along US Highway 101 in Raymond, WA. This property features a 42,105 square foot building located on a 4.17-acre parcel featuring Shell and McDonalds as the out pads to the center. The property features tenants including Willapa Thriftway, Subway, Big Nics Pizza, and Las Maracas Mexican Restaurant. The opportunity presents an investor to acquire a value-add Grocery Anchored Center with long-term viability and room for improvement in the cash flow from current vacancy and annual rent escalations.

Investment Highlights

  • Grocery Anchored Retail Center
  • High Barrier to Entry Market
  • Value-Add Retail Center with Vacancy to increase cashflow

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Shopping Community

Willapa Marketplace

Listing Price: $5,200,000

Cap Rate
7.12%
Gross SF
42,105
Rentable SF
42,105
Price/Gross SF
$123.50
Lot Size
4.17 acres
Year Built
1975

Investment Highlights

  • Grocery Anchored Retail Center
  • High Barrier to Entry Market
  • Value-Add Retail Center with Vacancy to increase cashflow

Investment Overview

Marcus & Millichap has been exclusively selected to market for sale at Willapa Marketplace, a multi-tenant Grocery Anchored investment property located along US Highway 101 in Raymond, WA. This property features a 42,105 square foot building located on a 4.17-acre parcel featuring Shell and McDonalds as the out pads to the center. The property features tenants including Willapa Thriftway, Subway, Big Nics Pizza, and Las Maracas Mexican Restaurant. The opportunity presents an investor to acquire a value-add Grocery Anchored Center with long-term viability and room for improvement in the cash flow from current vacancy and annual rent escalations.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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