Kennewick Value-Add Retail
101 Vista Way, Kennewick, WA
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99% occupied retail center with value-add potential in Kennewick, WA.
Type:RETAIL
Property size:
82,864 SFLot size:
5.19 AcresPrice / SF:
$108/SF- Added:
- Nov 23, 2025
- Days on Market:
- 184
- Last Refresh:
- May 20 at 8:03 pm
Property Features for 101 Vista Way
General Information
- Standard status
- Active
- Size
- 82,864 SF
- Lot size
- 5.19 Acres
- Property subtype
- RETAIL
Listing agent Clayton Brown License #WA:123258,ID:SP56979
Listing office Marcus & Millichap, Inc. (206) 826-5700
Listing date Nov 23, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap, Inc.
HighLights
- Significant value‑add opportunity through rent increases and lease conversions to NNN, potentially increasing the cap rate above 10%.
- Attractive seller financing available at a 4.00% interest rate with a 70% loan‑to‑value and a 5‑year term, providing an 11.22% cash‑on‑cash return in Year 1.
- Located in a rapidly growing area with a population of roughly 175,000 residents within a 5‑mile radius, projected to grow another 7.9% in the next five years.
- High traffic location on Hwy 395 (35,700+ VPD) near W Clearwater Ave (22,000+ VPD) and SR 240 (44,000+ VPD), across from Highlands Center and Kennewick Plaza, generating substantial customer traffic.
- Grocery‑anchored shopping center with a diversified mix of tenants (grocery, restaurant, service, and daily needs retailers) providing a consistent customer draw and income stream.
- Potential for enhanced returns through a parcelization strategy due
Overview
Kennewick Village is a 99% occupied retail shopping center located in Kennewick, WA. The property encompasses 11 tax parcels in four sections along Hwy 395, Vista Way, and W Bruneau Pl. Over 51% of the gross leasable area (GLA) operates on month-to-month Modified Gross leases, with the majority of remaining tenants operating on short-term leases without options. The average base rent is currently $11.23 per square foot Modified Gross, with market rents potentially reaching $13-$15 per square foot NNN. Over 50% of the GLA is leased by tenants that have been at the property for over 5 years. The property is located across the street from Highlands Center and Kennewick Plaza. The property is grocery anchored and occupied by a mix of grocery, restaurant, service, and daily needs retailers. The property is located on Hwy 395 with 35,700+ vehicles per day (VPD) and near W Clearwater Ave (22,000+ VPD) and SR 240 (44,000+ VPD). Within a 5-mile radius, the population has increased by nearly 5.5% since 2020 and houses roughly 175,000 residents, with a projected growth of another 7.9% in the next five years. The property size is 82,864 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
Highlands Organic Market
(Bike/Boat/Book/etc) Store
Darral's Natural Foods
Grocery & Convenience Store
Similar Places Nearby
- Kennewick Plaza — 2825 W Kennewick Ave, Kennewick, WA 99336
- Towne Square — 3902 W Clearwater Ave #3900, Kennewick, WA 99336
- Clearwater Plaza — 3150 W Clearwater Ave, Kennewick, WA 99336, United States
Location Insight
- Map
- Local Demand
- City
- Kennewick
- County
- Benton
- State
- Washington
- Longitude
- -119.157
- Latitude
- 46.2106
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 99% occupied retail center with value-add potential in Kennewick, WA.
Where is this shopping center located?
The property is located at 101 Vista Way Kennewick, WA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Significant value‑add opportunity through rent increases and lease conversions to NNN, potentially increasing the cap rate above 10%.; **Attractive seller financing available at a 4.00% interest rate with a 70% loan‑to‑value and a 5‑year term, providing an 11.22% cash‑on‑cash return in Year 1.**; Located in a rapidly growing area with a population of roughly 175,000 residents within a 5‑mile radius, projected to grow another 7.9% in the next five years.
