Bank Property Under NNN
8486 West Gage Boulevard, Kennewick, WA 99336
For Sale
Contact for pricing
Four suites are occupied by 1st Security Bank under an agreement extending through 2033.
Property Size5,744 SF
Price / SF$422.18
Days on Market13
Property Features for 8486 West Gage Boulevard
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
American RE Associates, Inc.
Listed By:
Ryan Layton · License WA #27102
(509) 435-2424
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 10 at 7:59AM
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 American RE Associates, Inc.
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Investment Insights
Based on property information with market context.
At 5,744 square feet, this bank property is arranged as four suites and leased to 1st Security Bank. The tenancy is governed by a seven-year agreement that continues through 2033, with a triple-net lease structure.
The property is located at 8486 West Gage Boulevard in Kennewick, Washington. The tenant is a community bank serving individuals and businesses in Washington and Oregon.
The property is located at 8486 West Gage Boulevard in Kennewick, Washington. The tenant is a community bank serving individuals and businesses in Washington and Oregon.
Key Highlights
- 5,744 square feet arranged across 4 suites
- Leased to 1st Security Bank
- Seven‑year lease agreement through 2033
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,493
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,769,860
$1.8M
Cap Rate 7%
$1,264,186
$1.3M
Cap Rate 9%
$983,256
$983.3K
Market Conditions
NOI Build-Up for 5,744 SF
Gross rent
$124.1K $21.60/SF
− Vacancy
−$6.1K −$1.06/SF
EGI
$118.0K $20.54/SF
− OpEx
−$29.5K −$5.14/SF
NOI
$88.5K $15.41/SF
Area
Benton County, WA
Vacancy
4.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,769,860
Cap Rate 7%
$1,264,186
Cap Rate 9%
$983,256
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.11M – $1.47M
NOI $88,493 @ 7.0% cap · market cap 3.65%
Second Best
Retail
$965.7K
$845.0K – $1.13M
NOI $67,598 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,522 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,530
Businesses Nearby
656k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Apparel 31%
Shops & Services 20%
Dining 14%
Costco Wholesale
Superstores
209,154 visits/mo
0.2 miles
Macy's
Apparel
88,256 visits/mo
0.5 miles
JCPenney
Apparel
74,147 visits/mo
0.5 miles
Costco Gasoline
Shops & Services
46,606 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
39,755 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Bank - Four suites are occupied by 1st Security Bank under an agreement extending through 2033.
Where is this bank located?
The property is located at 8486 West Gage Boulevard Kennewick, WA.
What is the asking price?
The asking price for this property is $2,425,000.
What are key features of this property?
This property features: 5,744 square feet arranged across 4 suites; Leased to 1st Security Bank; Seven‑year lease agreement through 2033
