470 GRANT RD EAST WENATCHEE WA 98802-5336, East Wenatchee, WA 98802

Listing Agency: CBRE - Seattle

Listed By: Daniel Tibeau · License WA #129383 Show Phone

Source: Crexi

Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 6:10PM

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Investment Insights

Based on property information with market context.

This 14,820-square-foot Walgreens property is offered with an absolute net lease. The reported cap rate is 8.75%.

Key Highlights

• Walgreens property totaling 14,820 SF
• Absolute net lease structure
• 8.75% cap rate

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Drug stores

Suggested Use

Top Pick HVAC Service Electrical Service Real Estate Agency Law Firm Kitchen & Bath Showroom Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

805

Businesses Nearby

Explore this area Business Placement

Demographics for 98802, WA

32,378

Population

12,516

Households

2.6

Avg Household Size

39

Median Age

24%

College-Educated

86%

High-School Grad

180.3 sq mi

ZIP Area

180

Density / Sq Mi

$88,228

Median Household Income

$42,275

Median Earnings

$1,361

Median Rent

$431,900

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?

NNN property - The property is leased under an absolute net structure.

Where is this nnn property located?

The property is located at 470 GRANT RD EAST WENATCHEE WA 98802-5336 East Wenatchee, WA.

What is the asking price?

The asking price for this property is $5,370,000.

What are key features of this property?

This property features: Walgreens property totaling 14,820 SF; Absolute net lease structure; 8.75% cap rate