717 Vandercook Way Longview, WA 98632
- Lifestyle centers
- 11,562 SF
Current Use by Public Records
- Mina Mazz Beauty / Beauty Salon / Beautician
- Mostly Moto / Motorcycle Parts Store
- La Paris Salon / Beauty Salon / Hair Salon
- Artesanias Veracruz / Clothing Store
- Richelle Gall - COUNTRY Financial Agent / Home Insurance Agency / Life Insurance Agency
Property Details for 717 Vandercook Way
- Property size
- 11,562 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a two-building, 11,562 square foot retail shopping center in Longview, Washington's Central Business District (CBD). Currently boasting 100% occupancy across seven units, this multi-tenant property generates a substantial net operating income (NOI) of $158,605, translating to a compelling 6.47% capitalization rate. The property sits on a sizable 21,444 square foot lot, offering ample parking and a rear parking easement. Its prime corner location ensures excellent visibility and signage opportunities. A majority of the units have undergone tasteful updates within the past five years. The two-story buildings feature a mix of storefront and shopping center spaces, all under a triple net (NNN) lease structure. With historically low vacancy rates and potential for future rent increases, this property presents a strong, stable income stream and significant upside potential for investors seeking a high-return retail investment in a thriving Washington market. The asking price is $2,450,000, or $211 per square foot. Property tax parcel numbers are 2-3850 and 1-0001.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Longview
- County
- Cowlitz
- State
- Washington
- Longitude
- -122.924
- Latitude
- 46.1453
