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Benton Franklin Physical Therapy - Kennewick, WA

NNN investment in the Tri-Cities | 8.50% CAP

Listing Contacts

Active

Asking Price: $1,250,000
Address 

15 W 10th Ave, Kennewick, WA 99336

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Date Added
Jan 28, 2025
Days on Market
82 days
Time Since Last Update
82 days

Details

Property TypeRetail
SubtypeMedical
Lease TypeNNN
TenancySingle
Lease Commencement11/01/2022
Lease Expiration10/31/2027
Square Footage3,977
Price/Sq Ft$314.31
Cap Rate8.50%
Occupancy100%
NOI$105,996
Year Built1989
Buildings1
Stories1
Lot Size (sq ft)30,069
Parking (per 1,000 sq ft)6.29
APN112891020001017
Lease Options2, 5-Year Options w/ 3% Annual Rent Increase
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Marketing Description

The Verger Team is pleased to present the opportunity to acquire Benton Franklin Physical Therapy, a Single-Tenant NNN investment in Kennewick, Washington.​ This well-established tenant specializes in comprehensive orthopedic care, including surgical and non-surgical treatments, physical therapy, and sports medicine, serving a vital role in the community’s healthcare needs.​ The property is strategically located near the major intersection of 10th Avenue and Washington Street, benefiting from excellent visibility and accessibility along key arterials serving the eastern and southern areas of Kennewick.​

Investment Highlights

Well-Established Tenant: Benton Franklin Physical Therapy is part of Benton Franklin Orthopedic Associates (BFOA), a well-established medical provider specializing in surgical and non-surgical treatments, physical therapy, and sports medicine.

Strategic Location: The property is strategically located near the major intersection of 10th Avenue and Washington Street, benefiting from excellent visibility and accessibility along key arterials serving the eastern and southern areas of Kennewick.

Minimal Landlord Responsibility: The tenant operates on a NNN lease structure requiring minimal Landlord responsibility

Proximity to Key Amenities: The property benefits from its location near retail hubs, major healthcare facilities, and residential neighborhoods.

Strong Return: Offered at an attractive 8.5% cap rate, this property provides a significantly higher return compared to alternative investments, with the added benefit of long-term income stability, asset appreciation, and tenant-backed cash flow in a growing market.

Affluent Trade Market: Strong purchasing power, with an average household income of $101,054 within a 5-mile radius of the property.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,996.00
$8,833.00/mo

Valuation Metrics

0
DSCR
8.48%
Cap Rate
8.48%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Additional Information
Broker Name
Maggie Verger
Broker License
WA WA 116408
Broker Name
Kevin Verger
Broker License
WA WA 26206
Brokerage Address
500 108th Ave NE, Bellevue, United States 98004
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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