Building Details

Year Built 2006

Buildings 3

Tenancy Multi

Listing Agency: Marcus & Millichap, Inc. Show Phone

Listed By: Clayton Brown · License #WA:123258,ID:SP56979 Show Phone

Source: Moodyscre

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 16 at 11:18AM

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Investment Insights

Based on property information with market context.

River Walk Village is a three-building shopping center in Richland, Washington, comprising 26 suites across three tax parcels. Built in 2006, the property is 97% occupied, with a pending letter of intent for its remaining vacant suite. Tenants represent healthcare, insurance, engineering, professional services, and retail. Nearly 77% of the gross leasable area is occupied by businesses with at least five years of tenure. A freestanding building is leased to Marsh & McLennan Insurance and may be sold separately from the rest of the center.

The property has large pylon signage and five ingress and egress points. Upper-floor suites have views of the Columbia River. Kadlec Regional Medical Center is less than five minutes away, and healthcare services are present in the surrounding area. Within five miles, the center serves a population of more than 129,000; population growth since 2020 is nearly 9%.

Key Highlights

• 26 suites in three buildings across three tax parcels
• 97% occupied; a letter of intent is pending for the vacant suite
• Nearly 77% of GLA is occupied by tenants with 5+ years of tenure

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Grocery & Convenience Store Furniture & Home Goods Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

97%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

947

Businesses Nearby

58k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 74% Shops & Services 13% Hotels & Casinos 7% Electronics 6%

Jack in the Box Dining

17,277 visits/mo 0.4 miles

Starbucks Dining

14,621 visits/mo 0.5 miles

Applebee's Dining

10,821 visits/mo 0.4 miles

Valvoline Instant Oil Change Shops & Services

4,552 visits/mo 0.4 miles

Hampton Inn Richland/Tri-Cities Hotels & Casinos

3,504 visits/mo 0.2 miles

Demographics for 99352, WA

35,762

Population

15,522

Households

2.3

Avg Household Size

38

Median Age

48%

College-Educated

96%

High-School Grad

24.0 sq mi

ZIP Area

1,490

Density / Sq Mi

$96,875

Median Household Income

$65,348

Median Earnings

$1,457

Median Rent

$442,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - A 26-suite retail and professional center includes a separately leased freestanding building.

Where is this shopping center located?

The property is located at 390-404 Bradley Blvd Richland, WA.

What is the asking price?

The asking price for this property is $6,985,000.

What are key features of this property?

This property features: 26 suites in three buildings across three tax parcels; 97% occupied; a letter of intent is pending for the vacant suite; Nearly 77% of GLA is occupied by tenants with 5+ years of tenure