Fully Leased Retail Investment Opportunity

1911 Fowler Street, Richland, WA

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For Sale

Contact for pricing

Freeway-visible retail property with long-term tenant and extension options.

Type:RETAIL

Property size:

29,690 SF

Lot size:

1.57 Acres

Price / SF:

$151/SF

HighLights

Fully leased investment property
Tenant pays all property taxes, insurance, and maintenance
Property nets $270,602 annually
Tenant has been leasing for over 14 years
Tenant has 2 years remaining on the lease with opportunity to extend
Visible from freeway

We can help!

Listing Contact

Aaron Rowe

For Sale

Contact for pricing

Freeway-visible retail property with long-term tenant and extension options.

Type:RETAIL

Property size:

29,690 SF

Lot size:

1.57 Acres

Price / SF:

$151/SF

Added:: Aug 1, 2025
Days on Market:: 314
Last Refresh:: May 19 at 10:02 pm

Property Features for 1911 Fowler Street

General Information

Standard status: Active
Size: 29,690 SF
Lot size: 1.57 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Aaron Rowe

Listing agent Aaron Rowe License #100550

Listing office SVN Retter & Company

Listing date Aug 1, 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 SVN Retter & Company

HighLights

Fully leased investment property
Tenant pays all property taxes, insurance, and maintenance
Property nets $270,602 annually
Tenant has been leasing for over 14 years
Tenant has 2 years remaining on the lease with opportunity to extend
Visible from freeway

Overview

This fully leased investment property presents an excellent opportunity. The property is visible from the freeway. A tenant has been leasing the space for over 14 years, with 2 years remaining on the current lease and the opportunity for extension. The property generates a net income of $270,602 annually. The tenant is responsible for all property taxes, insurance, and maintenance. The property has a size of 29690 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$534.4k	$18.00
− Vacancy	−$35.3k	−$1.19
EGI	$499.1k	$16.81
− OpEx	−$149.7k	−$5.04
NOI	$349.4k	$11.77

29,690 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$4.99M

$4.37M – $5.82M (±1% cap)

NOI $349,404 @ 7.0% cap · market cap 7.76%

Second Best

—

no second resolved use

Theoretical Best

Office A

$8.23M

$7.21M – $9.61M (±1% cap)

NOI $576,444 @ 7.0% cap · market cap 12.81%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Complete Suite Furniture ... Furniture & Home Goods

Suggested Use

Similar Places Nearby

Columbia Square — 1232 N Columbia Center Blvd, Kennewick, WA 99336
The Colonnade — 6803 W Canal Dr, Kennewick, WA 99336
Sunglass Hut at Macy's — 1321 N Columbia Center Blvd, Kennewick, WA 99336
Columbia Center — 1321 N Columbia Center Blvd, Kennewick, WA 99336

Location Insight

Map
Local Demand

City: Richland
County: Benton
State: Washington
Longitude: -119.219
Latitude: 46.2331

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