Kennewick Retail Center For
7201 W Clearwater Ave, Kennewick, WA 99336
For Sale
Contact for pricing
15,870 SF retail center anchored by O’Reilly Auto Parts.
Property Size15,870 SF
Lot Size1.16 Acres
Price / SF$203.21
Days on Market278
Property Features for 7201 W Clearwater Ave
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Eric Garske · License OR #201235586
(503) 200-2031
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 8 at 6:26AM
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 - Portland
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Investment Insights
Based on property information with market context.
The property at 7201 W Clearwater Ave in Kennewick, Washington, is a 15,870-square-foot retail center. Constructed in 1995, the center comprises two buildings on a 1.16-acre lot and includes six suites. It is anchored by O’Reilly Auto Parts. Situated along W Clearwater Avenue, the center benefits from visibility and traffic counts of approximately 17,431 vehicles per day. The location is near Mercedes-Benz of Tri-Cities and in proximity to Columbia Center, which houses brands such as Macy’s, Dick’s Sporting Goods, and Lululemon, as well as Costco, Lowe’s, and the Toyota Center. These regional draws contribute to customer traffic and stability for tenants.
Key Highlights
- Anchored by O’Reilly Auto Parts, a leading national retailer.
- Excellent visibility and high traffic counts of 17,431 vehicles per day on W Clearwater Avenue.
- Located near Columbia Center, Costco, Lowe’s, and the Toyota Center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,765
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,735,300
$3.7M
Cap Rate 7%
$2,668,071
$2.7M
Cap Rate 9%
$2,075,167
$2.1M
Market Conditions
NOI Build-Up for 15,870 SF
Gross rent
$285.7K $18.00/SF
− Vacancy
−$18.9K −$1.19/SF
EGI
$266.8K $16.81/SF
− OpEx
−$80.0K −$5.04/SF
NOI
$186.8K $11.77/SF
Area
Benton County, WA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,735,300
Cap Rate 7%
$2,668,071
Cap Rate 9%
$2,075,167
Alternative Uses
Best Use
Retail
$2.67M
$2.33M – $3.11M
NOI $186,765 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.40M
$3.85M – $5.14M
NOI $308,123 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
94k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 21%
Apparel 19%
Beauty & Spa 3%
McDonald's
Dining
27,379 visits/mo
0.3 miles
Goodwill
Apparel
17,951 visits/mo
0.3 miles
Starbucks
Dining
11,929 visits/mo
0.4 miles
Mister Car Wash
Shops & Services
9,661 visits/mo
0.5 miles
Taco Time
Dining
6,244 visits/mo
0.4 miles
Demographics for 99336, WA
51,127
Population
20,915
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
85%
High-School Grad
13.4 sq mi
ZIP Area
3,815
Density / Sq Mi
$63,308
Median Household Income
$38,211
Median Earnings
$1,155
Median Rent
$292,300
Median Home Value
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Market
Properties on Market for Shopping centers in Benton County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Hansen Park Plaza — 910 S Columbia Center Blvd, Kennewick, WA 99336
- Columbia Center Blvd At Canalst — 311 S Columbia Center Blvd, Kennewick, WA 99336
- Columbia Plaza — 6855 W Clearwater Ave, Kennewick, WA 99336
- Metropolitan Plaza — Metropolitan Plaza, 321 N Columbia Center Blvd, Kennewick, WA 99336
- Columbia Summit Center — 731 N Columbia Center Blvd, Kennewick, WA 99336
Frequently Asked Questions
What type of property is this?
Shopping center - 15,870 SF retail center anchored by O’Reilly Auto Parts.
Where is this shopping center located?
The property is located at 7201 W Clearwater Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $3,225,000.
What are key features of this property?
This property features: Anchored by O’Reilly Auto Parts, a leading national retailer.; Excellent visibility and high traffic counts of 17,431 vehicles per day on W Clearwater Avenue.; Located near Columbia Center, Costco, Lowe’s, and the Toyota Center.
