Verizon/Aaron's Retail Center
1212 E Wishkah St, Aberdeen, WA 98520
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Description
The subject property is a two-tenant 11,036 square-foot retail strip center located on the corner of Fleet Street and Highway 12 in Aberdeen, Washington. It is 100% leased to Aaron's, Inc. and an authorized Verizon Wireless dealer that operates over 750 locations across the US.
Highlights
Occupied by the same tenants since the building was constructed.
Both tenants have scheduled rental increases.
Minimal landlord responsibility. Tenants responsible for real estate taxes, insurance and CAMS.
The property benefits from multiple ingress/egress points and traffic counts exceeding 21,000 trips per day on Highway 12 (E Wishkah).
Washington has no state income tax for prospective investors.
Location
Under Contract
Price
$2,795,000
CAP Rate
7.08%
Year Built
2013
Square Feet
11,036
Price Per SF
$253
Location
Aberdeen, WA
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