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Property profile & analytics

3600 Clearwater Ave Ste A Kennewick, WA 99336-2682

  • Retail space
OFF-MARKET
Value Estimation
Location Intelligence
Property ID
US90-2866555
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Cinco De Mayo Family Restaurant / Mexican Restaurant / Family Restaurant
  • Metro by T-Mobile / Telecommunications Service Provider / Cell Phone Accessory Store
  • Smoke City For Less / Vaporizer Store / Variety Store
  • Delicias Raspados - Kennewick / Snack Bar
  • Rent-A-Center / Cell Phone Store / Appliance Store

Property Details for 3600 Clearwater Ave Ste A

Property type
Retail space
APN
30PM42600000000
APU
30PM42600000000

Description

Saunders Square, a 12,676 square foot shopping center in Kennewick, Washington, presents a compelling investment opportunity. This fully occupied, single-story building boasts five tenants, including a major anchor tenant, Rent-A-Center, which has occupied 39% of the space for over 25 years. Metro PCS and Smoke City, each with approximately 10 years of tenancy, occupy an additional 23%. The property features a Net Net Net (NNN) lease structure, minimizing landlord responsibilities. Located at a signalized intersection on W Clearwater Ave, a primary retail corridor with over 26,500 vehicles per day, the center benefits from high visibility and convenient access to major freeways (HWY 395 and HWY 240). The asking price is $2,530,000, or $200 per square foot, significantly below replacement cost (estimated at over $450 per square foot). The property's strong tenancy, favorable lease terms, and prime location contribute to a 6.50% capitalization rate and a Net Operating Income (NOI) of $164,402. 78% of the gross leasable area is currently leased below market rates, presenting significant potential for future rental income growth upon lease renewals. The 38,869 square foot lot provides ample parking (3.16 spaces per 1,000 square feet). Built in 1980, this stabilized investment offers long-term stability and substantial upside potential.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Kennewick
County
Benton
State
Washington
Longitude
-119.17
Latitude
46.2127
CBSA code
28420
CBSA name
KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA
More about this property
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