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32395764
32395763

15500 SE Mill Plain Blvd, Vancouver, WA 98684

EG
OR 201235586
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland
$2,795,000
32 days on market
Updated 12 days ago

Big 5 Sporting Goods

Details
Property Type Retail
Square Footage 11,000
Net Rentable (SqFt) 11,000
Cap Rate 7.47%
NOI $208,701
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 09/30/2028
Remaining Term 2.3
Rent Bumps Yes
Lease Options One (1), Five (5) Year Option
Class B
Year Built 2003
Acreage 0.930
Investment Type Net Lease
Lease Commencement 04/22/2003
Ground Lease No

Retail | 7.47% CAP | 11,000 SqFt

Marketing description

BIG 5 SPORTING GOODS in Vancouver, WA is a well-positioned, single-tenant retail asset located along the highly trafficked SE Mill Plain Boulevard corridor, benefiting from exposure to over 38,000 vehicles per day. The 11,000-square-foot building sits on a 0.59-acre parcel and was constructed in 2003, offering a proven retail footprint with strong visibility and accessibility. The property is secured by a Triple Net (NNN) lease with a long-term, established tenant, providing stable cash flow with minimal landlord responsibilities, and includes one remaining five-year renewal option. The site is strategically situated within a dominant retail corridor alongside national anchors such as Target, Trader Joe's, and Starbucks, and is further enhanced by nearby recent developments including a brand-new In-N-Out just one mile away and a new Lexus and Mercedes dealership by Swickard Auto Group down the street. A dense mix of surrounding office, industrial, multifamily, and nearby schools further supports consistent consumer traffic and long-term location viability.

Investment highlights

  • Located along SE Mill Plain Boulevard with traffic counts exceeding 38,000 vehicles per day, the property benefits from exceptional visibility and consistent consumer flow. Its prominent positioning enhances brand presence and supports long-term tenant success.
  • The asset is secured by a Triple Net (NNN) lease, providing reliable income with minimal landlord responsibilities. A remaining five-year renewal option offers continued income stability and tenant commitment.
  • Positioned within a dominant retail corridor featuring Target, Trader Joe's, and Starbucks, the property benefits from strong exposure. Nearby additions including a new In-N-Out and Swickard Auto Group's Lexus and Mercedes dealerships further elevate the corridor's draw.
  • The 11,000-square-foot building, constructed in 2003, offers a functional and established retail layout. Its size and design align well with national tenant requirements, ensuring long-term usability.

Listing Contacts

EG
OR 201235586
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$208,700.80
$17,391.73/mo

Valuation Metrics

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DSCR
7.47%
Cap Rate
7.47%
ROI

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Additional Information

Name
Joel Deis
License
25469
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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