Retail Property with Corporate
For Sale
Contact for pricing
1701 W Main Street, Battle Ground, WA 98604
Retail property with long-term lease and corporate tenant.
Property Size12,168 SF
Price / SF$266.94
Days on Market182
Property Features for 1701 W Main Street
General Information
Standard status
Active
Size
12,168 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$216,000
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Marcus & Millichap - Chicago Oak Brook
(630) 570-2200
Listed By:
Dominic Sulo · License #IL 475.134920
Source:
Crexi
Added: Feb 19
Changed: Aug 17
Last Checked: Aug 19 at 1:25AM
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 - Chicago Oak Brook
Investment Insights
Based on property information with market context.
This retail property benefits from a corporate guaranty and has over 8 years of lease term remaining. The property encompasses a total area of 12168 square feet. A rent increase of 11.00% is scheduled in 4 years.
Key Highlights
- Corporate Guaranty with 300+ Locations
- Over 8 Years of Term Remaining
- Enjoy an 11.00% Rent Increase in just 4 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$146,724
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,934,480
$2.9M
Cap Rate 7%
$2,096,057
$2.1M
Cap Rate 9%
$1,630,267
$1.6M
Market Conditions
NOI Build-Up for 12,168 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$219.0K $18.00/SF
− Vacancy
−$9.4K −$0.77/SF
EGI
$209.6K $17.23/SF
− OpEx
−$62.9K −$5.17/SF
NOI
$146.7K $12.06/SF
Area
Clark County, WA
Vacancy
4.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,934,480
Cap Rate 7%
$2,096,057
Cap Rate 9%
$1,630,267
Alternative Uses
Best Use
Retail
$2.10M
$1.83M – $2.45M
NOI $146,724 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.46M
NOI $207,510 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
315k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Shops & Services 30%
Dining 21%
Home Improvements & Furnishings 5%
Fred Meyer
Groceries
52,321 visits/mo
0.4 miles
Safeway
Groceries
30,779 visits/mo
0.4 miles
Albertsons
Groceries
29,267 visits/mo
0.3 miles
Fred Meyer Gas Station
Shops & Services
18,527 visits/mo
0.2 miles
Taco Bell
Dining
18,450 visits/mo
0.0 miles
Demographics for 98604, WA
38,245
Population
13,557
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
72.1 sq mi
ZIP Area
530
Density / Sq Mi
$108,616
Median Household Income
$58,693
Median Earnings
$1,492
Median Rent
$543,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property with long-term lease and corporate tenant.
Where is this retail property located?
The property is located at 1701 W Main Street Battle Ground, WA.
What is the asking price?
The asking price for this property is $3,248,120.
What are key features of this property?
This property features: Corporate Guaranty with 300+ Locations; Over 8 Years of Term Remaining; Enjoy an 11.00% Rent Increase in just 4 years
