Premium Retail Corridor with High Traffic & Visibility: The Property is situated in a heavy retail corridor and is directly adjacent to several major big box shopping centers featuring Walmart Supercenter, Target, Home Depot, and other national retailers, providing additional traffic and visibility for the site. The center is positioned near the intersection of Highway WA-240 and I-182/US Hwy 12, two of the busiest highways in the Tri-Cities region, achieving over 100k VPD.
100% Occupied with Service Oriented Retail: The Property is a fully stabilized retail center with a complementary mix of medical and national service brands, including a drive-thru Subway, Cosmoprof Beauty, and Kadlec ExpressCare medical services. Strategically placed, service-oriented retail centers have outperformed conventional retail centers over the past five years.
Staggered Lease Expirations: Attractive mix of rollover with more than 40% of tenants with 4+ years of term remaining, allowing for Landlord flexibility to adjust to growing market lease rates.
Healthcare Facilities Hub: The Tri-Cities region is home to several healthcare facilities, including Kadlec Regional Medical Center, just two miles from the subject property.
Explosive Area Growth: Since 2000, the population has increased by more than 54%, making it one of the fastest-growing cities in the United States and Pacific Northwest.
Income Tax-Free State: Washington is an income tax-free state.