9920 117Th AveVancouver, WA 98662

This exceptional retail property, located at 9920 NE 117th Ave, Vancouver, WA 98662, offers a compelling investment opportunity. The 3,800 square foot building, constructed in 2021, is situated on a 0.25-acre lot and is currently leased under a triple-net (NNN) agreement to Sherwin-Williams. The lease commenced February 22, 2021, and features a built-in 10% rent increase scheduled for February 2026, ensuring future income growth. The property boasts a strong net operating income (NOI) of $106,400, resulting in a 5.00% capitalization rate and a price per square foot of $560. This investment is further enhanced by its strategic location within the MAJ Place BP center, alongside a 7-Eleven with fuel and a Starbucks Drive-Thru, creating a high-traffic retail environment. The property benefits from excellent visibility and accessibility, with approximately 70,690 vehicles passing daily at the intersection of NE 117th Ave and NE 99th Street. This presents a stable, high-quality tenant in a thriving retail corridor, making it an attractive investment for discerning buyers. The asking price for this turnkey investment is $2,128,000.