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Retail Investment Property For Sale

8318 W Gage Blvd, Kennewick, WA 99336

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For Sale

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Multi-tenant retail property with long-term restaurant tenant.

Type:Retail, Office

Property size:

9,000 SF

Price / SF:

$199/SF

HighLights

Anchored by a very successful, long‑term restaurant tenant.
Located in a prime retail location in Kennewick.
Situated next to Columbia Center Mall, Costco, Olive Garden, and AMC movie theatre.
Opportunity for owner‑occupancy with one suite currently available for lease.
Strong upside potential.
Multi‑tenant retail investment property.

We can help!

Contact an agent

Michael Petrillo

For Sale

Contact for pricing

Multi-tenant retail property with long-term restaurant tenant.

Type:Retail, Office

Property size:

9,000 SF

Price / SF:

$199/SF

Added:: Feb 2, 2026
Days on Market:: 155
Last Refresh:: Jul 4 at 11:08 pm

Property Features for 8318 W Gage Blvd

General Information

Standard status: Active
Size: 9,000 SF
Property subtype: Retail, Office

Building Details

Year Built: 1977

We can help!

Contact an agent

Michael Petrillo

Listing office Kiemle Hagood

Listing date Feb 2, 2026

Source Crexi

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 Kiemle Hagood

HighLights

Anchored by a very successful, long‑term restaurant tenant.
Located in a prime retail location in Kennewick.
Situated next to Columbia Center Mall, Costco, Olive Garden, and AMC movie theatre.
Opportunity for owner‑occupancy with one suite currently available for lease.
Strong upside potential.
Multi‑tenant retail investment property.

Overview

This multi-tenant retail investment property features a successful, long-term restaurant tenant as an anchor. Situated in a central Kennewick retail area, the property is located near the Columbia Center Mall, Costco, Olive Garden, and an AMC movie theatre. The property has one suite currently available for lease, presenting a potential opportunity for owner-occupancy with upside. The property size is 9000 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$194.4k	$21.60
− Vacancy	−$9.5k	−$1.06
EGI	$184.9k	$20.54
− OpEx	−$46.2k	−$5.14
NOI	$138.7k	$15.41

9,000 SF · lease $21.60/SF/yr · vacancy 4.90% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,656 @ 7.0% cap · market cap 7.72%

Second Best

Retail

$1.51M

$1.32M – $1.77M (±1% cap)

NOI $105,916 @ 7.0% cap · market cap 5.90%

Theoretical Best

Office A

$2.50M

$2.18M – $2.91M (±1% cap)

NOI $174,739 @ 7.0% cap · market cap 9.73%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Bangkok Thai Cuisine Restaurant

Suggested Use

Similar Places Nearby

Columbia Summit Center — 731 N Columbia Center Blvd, Kennewick, WA 99336
Columbia Square — 1232 N Columbia Center Blvd, Kennewick, WA 99336
Sunglass Hut at Macy's — 1321 N Columbia Center Blvd, Kennewick, WA 99336
Coinstar Kiosk - Bitcoin ATM — 140 W Gage Blvd Safeway, Richland, WA 99352
Columbia Center — 1321 N Columbia Center Blvd, Kennewick, WA 99336

Location Insight

Map
Local Demand

City: Kennewick
County: Benton
State: Washington
Longitude: -119.23197
Latitude: 46.228334

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For sale
Shopping centers
WA
Kennewick
99336
8318 W Gage Blvd

What type of property is this?

Shopping center - Multi-tenant retail property with long-term restaurant tenant.

Where is this shopping center located?

The property is located at 8318 W Gage Blvd Kennewick, WA.

What is the asking price?

The asking price for this property is $1,795,000.

What are key features of this property?

This property features: Anchored by a very successful, long‑term restaurant tenant.; Located in a prime retail location in Kennewick.; Situated next to Columbia Center Mall, Costco, Olive Garden, and AMC movie theatre.