Absolute NNN Bank
For Sale
Contact for pricing
401 N Market Blvd, Chehalis, WA 98532
Operating bank branch supported by a corporate guarantee and recently exercised lease extension.
Property SizeContact for details
Days on Market143
Property Features for 401 N Market Blvd
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Seattle
Listed By:
Brian Mayer · License #WA 108682
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 12:43AM
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 - Seattle
Investment Insights
Based on property information with market context.
This NNN property is occupied by an operating Umpqua bank branch at 401 N Market Blvd in Chehalis, Washington. The location has functioned as a banking branch for more than 15 years and ranks #8 in Washington State by total deposits among Umpqua locations.
Umpqua Bank recently exercised a 5-year lease extension, while the absolute NNN structure places landlord responsibilities with the tenant. The lease also includes a corporate guarantee from Umpqua Bank, which operates more than 260 locations. Bank deposits grew by over 110% from 2017 through June 2021.
Umpqua Bank recently exercised a 5-year lease extension, while the absolute NNN structure places landlord responsibilities with the tenant. The lease also includes a corporate guarantee from Umpqua Bank, which operates more than 260 locations. Bank deposits grew by over 110% from 2017 through June 2021.
Key Highlights
- Absolute NNN lease structure with no landlord responsibilities
- Recently exercised 5‑year lease extension
- Corporate guarantee from Umpqua Bank
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Hotels & Casinos 17%
Home Improvements & Furnishings 4%
76
Shops & Services
8,020 visits/mo
0.4 miles
Holiday Inn Express & Suites Chehalis-Centralia
Hotels & Casinos
3,465 visits/mo
0.4 miles
Columbia Bank
Shops & Services
3,205 visits/mo
0.2 miles
Hallmark
Shops & Services
1,694 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,595 visits/mo
0.3 miles
Demographics for 98532, WA
25,572
Population
10,300
Households
2.5
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
311.6 sq mi
ZIP Area
82
Density / Sq Mi
$86,057
Median Household Income
$47,467
Median Earnings
$1,070
Median Rent
$381,700
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?
NNN property - Operating bank branch supported by a corporate guarantee and recently exercised lease extension.
Where is this nnn property located?
The property is located at 401 N Market Blvd Chehalis, WA.
What are key features of this property?
This property features: Absolute NNN lease structure with no landlord responsibilities; Recently exercised 5‑year lease extension; Corporate guarantee from Umpqua Bank
