Medical Office with NNN
For Sale
Contact for pricing
7521 West Deschutes Avenue, Kennewick, WA 99336
Kennewick dental office built in 1993 with a long-term lease profile and annual contractual increases.
Property Size4,229 SF
Price / SF$346.45
Days on Market46
Property Features for 7521 West Deschutes Avenue
General Information
Standard status
Active
Size
4,229 SF
Property subtype
Retail, Office
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$107,689
Financials
Asking Price
$1,540,000
Cap Rate
7%
Building Details
Year Built
1993
Listing Agency:
Matthews
Listed By:
Seamus O'Brien · License #CA
Source:
Crexi
Added: Sep 2
Changed: Oct 13
Last Checked: Oct 16 at 8:41AM
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 Matthews
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,229-square-foot medical office property is configured for dental use and was constructed in 1993. The asset is offered with an NNN lease structure, an 8.1-year WALT, a 7.00% cap rate, and 2% annual increases.
Located at 7521 West Deschutes Avenue in Kennewick, Washington, the property provides a defined medical-office asset with an existing dental use and contractual lease-growth terms.
Located at 7521 West Deschutes Avenue in Kennewick, Washington, the property provides a defined medical-office asset with an existing dental use and contractual lease-growth terms.
Key Highlights
- 4,229‑square‑foot medical office property
- Configured for dental use
- NNN lease structure with 8.1‑year WALT
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,915
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,298,300
$1.3M
Cap Rate 7%
$927,357
$927.4K
Cap Rate 9%
$721,278
$721.3K
Market Conditions
NOI Build-Up for 4,229 SF
Gross rent
$92.9K $21.96/SF
− Vacancy
−$6.3K −$1.49/SF
EGI
$86.6K $20.47/SF
− OpEx
−$21.6K −$5.12/SF
NOI
$64.9K $15.35/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,298,300
Cap Rate 7%
$927,357
Cap Rate 9%
$721,278
Alternative Uses
Best Use
Office B
$927.4K
$811.4K – $1.08M
NOI $64,915 @ 7.0% cap · market cap 4.43%
Second Best
Healthcare Medical
$896.7K
$784.6K – $1.05M
NOI $62,767 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,108 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Kennewick dental office built in 1993 with a long-term lease profile and annual contractual increases.
Where is this medical office space located?
The property is located at 7521 West Deschutes Avenue Kennewick, WA.
What is the asking price?
The asking price for this property is $1,465,156.
What are key features of this property?
This property features: 4,229‑square‑foot medical office property; Configured for dental use; NNN lease structure with 8.1‑year WALT
