Absolute NNN Retail
For Sale
Contact for pricing
1102 Springwater Ave, Wenatchee, WA 98801
Retail property backed by an absolute NNN lease with an extension through September 2031.
Property Size97,000 SF
Lot Size5.71 Acres
Price / SF$50.21
Days on Market159
Property Features for 1102 Springwater Ave
General Information
Standard status
Active
Size
97,000 SF
Lot size
5.71 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$236,130
Additional Details
Asking Price
$4,870,000
Building Details
Year Built
1996
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Newmark - Seattle
(206) 518-9567
Listed By:
Billy Sleeth · License #WA 88059
Source:
Crexi
Added: Mar 25
Changed: Aug 29
Last Checked: Mar 27 at 4:56AM
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 Newmark - Seattle
Investment Insights
Based on property information with market context.
This retail property is occupied by Target under an absolute NNN lease. The tenant has exercised a five-year extension that runs through September 2031, with three additional option periods remaining. Each option includes a 10% rent increase, and the stated cap rate reaches 6.64% by 2046.
The property includes fee simple ownership of 5.71 acres and is located within Valley North Center in Wenatchee, Washington. The center records 3.5M annual visits and is described as the leading shopping center within a 50-mile radius. The store is identified as the only full-size Target within 150 miles, adding a defined regional role to the asset.
The property includes fee simple ownership of 5.71 acres and is located within Valley North Center in Wenatchee, Washington. The center records 3.5M annual visits and is described as the leading shopping center within a 50-mile radius. The store is identified as the only full-size Target within 150 miles, adding a defined regional role to the asset.
Key Highlights
- Absolute NNN lease with extension through September 2031
- Three remaining options with 10% rent bumps each
- Stated cap rate grows to 6.64% by 2046
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 98801, WA
44,970
Population
18,034
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
85%
High-School Grad
153.6 sq mi
ZIP Area
293
Density / Sq Mi
$74,768
Median Household Income
$41,216
Median Earnings
$1,200
Median Rent
$429,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Retail property backed by an absolute NNN lease with an extension through September 2031.
Where is this nnn property located?
The property is located at 1102 Springwater Ave Wenatchee, WA.
What is the asking price?
The asking price for this property is $4,870,000.
What are key features of this property?
This property features: Absolute NNN lease with extension through September 2031; Three remaining options with 10% rent bumps each; Stated cap rate grows to 6.64% by 2046
