105 Ely St, Kennewick, WA 99336
The Highland Center, situated at 105 N Ely St in Kennewick, WA, presents a unique investment opportunity in a thriving retail environment. This expansive property encompasses 8.3 acres and boasts over 120,000 square feet of retail space, attracting over 1.4 million visitors annually. Its prime location on a major artery in the Tri-Cities ensures high visibility and accessibility, with close proximity to numerous shopping, dining, and office establishments. The property features a large pylon sign for excellent brand recognition and ample parking to accommodate the substantial foot traffic. A diverse range of co-tenants creates a synergistic environment, including but not limited to restaurants, Rite Aid, REI, Gold's Gym, a bakery, an ethnic market, a barber shop, a beauty school, a cell phone store, a nail salon, and a coin trading business. This established center offers a strong foundation for continued success and significant return on investment. The property's size, location, and existing tenant mix make it an attractive proposition for investors seeking a high-traffic retail location in a dynamic market. The high volume of annual visitors demonstrates the significant potential for revenue generation and growth. This is a rare opportunity to acquire a well-established and highly visible retail center in a prime Tri-Cities location. The property is priced at $13 million.
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Advance Auto Parts Auto Parts Store
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UPS Access Point location Courier Service Postal Service
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CARQUEST AUTO PARTS #7917 Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.