Listings

Verizon/Aaron's Aberdeen

1212 E Wishkah St
Aberdeen, WA 98520

Listing information

New Listing
Price $2,975,000
CAP Rate 6.65%
Year Built 2013
Square Feet 11,036
Price Per SF $270
Location Aberdeen, WA

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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.

  • 100% OCCUPIED

    Occupied by the same tenants since the building was constructed.

  • CONTRACTED RENTAL GROWTH

    Both tenants have scheduled rental increases.

  • NNN LEASE STRUCTURE

    Minimal landlord responsibility. Tenants responsible for real estate taxes, insurance and CAMS.

  • CONVENIENT / HIGH TRAFFIC LOCATION

    The property benefits from multiple ingress/egress points and traffic counts exceeding 21,000 trips per day on Highway 12 (E Wishkah).

  • TAX FREE STATE

    Washington has no state income tax for prospective investors.