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1212 E Wishkah St
Aberdeen, WA 98520

$2,795,000 USD

General Retail For Sale  •  11,036 SF

Property Details

  • Property Type General Retail
  • Total Building Size 11,036 SF
  • Lot Size 0.75 AC
  • Building Class B
  • Year Built 2013
  • Cap Rate 7.08 %
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
62 Walk Score

Highlights

100% OCCUPIED - Occupied by the same tenants since the building was constructed in 2013.
TAX FREE STATE - Washington has no state income tax for prospective investors.
CONTRACTED RENT GROWTH - Both tenants have scheduled rental increases.
NNN LEASE STRUCTURE - Minimal landlord responsibility. Tenants responsible for real estate taxes, insurance and CAMS.

Financial Summary (Actual)

Net Operating Income: $197,866 USD (2023)
Cap Rate: 7.08 %

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes
Erik Swanson 206-898-9191 Kidder Mathews
Erik Swanson 206-898-9191 Kidder Mathews