536 Royle Rd Ridgefield, WA 98642

Property Details for 536 Royle Rd

Year built

2021

Property size

17,076 SF

Property type

Commercial real estate

Description

This exceptional 17,076 square foot, single-story retail center, built in 2021, presents a unique investment opportunity in the thriving city of Ridgefield, Clark County, Washington. The property, zoned CRB (Regional Commercial Business), features eight available suites ranging from 1,518 to 16,776 square feet, catering to a variety of retail and office tenants. Its modern construction ensures energy efficiency and contemporary aesthetics, appealing to a broad range of businesses. The center's strategic location within a mixed-use overlay promises high visibility and accessibility, attracting significant foot traffic and customer engagement. Potential tenants can benefit from a generous tenant improvement allowance of $45 per square foot, facilitating seamless customization and branding. Annual rates start at $34.00 per square foot, with estimated NNN expenses of $7.00 per square foot. The estimated delivery of the shell space is May 2025, providing ample time for tenant build-out and preparation. This property offers a compelling blend of modern design, flexible space options, and a prime location, making it an ideal investment for discerning buyers seeking a strong return on investment in a rapidly growing market. The property's multiple tenancy structure allows for diverse business occupancy, creating a vibrant and dynamic retail environment. Its single-building design simplifies management and maintenance, enhancing operational efficiency. The CRB zoning ensures flexibility for a wide range of commercial uses, maximizing the property's potential.