9920 NE 117th Ave
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9920 NE 117th Ave
3,800 SF Retail Building Vancouver, WA 98662 $2,128,000 ($560/SF) 5% Cap Rate
Executive Summary
MAJ Commercial Real Estate is excited to present the opportunity to acquire a single-tenant NNN lease investment located at 9920 NE 117th Ave, Vancouver, WA 98662. This premium property was built specifically for Sherwin-Williams, with the lease commencing on February 22, 2021. The Sherwin-Williams store is part of the MAJ Place BP center, which also features a 7-Eleven with Fuel and a Starbucks Drive-Thru, creating a high-traffic retail environment.
The property benefits from strong traffic exposure, with approximately 70,690 Vehicles Per Day at the intersection of NE 117th Ave and NE 99th Street. Additionally, the lease includes a 10% rent increase in February 2026, providing future income growth for investors. This well-positioned investment offers stability with a high-quality tenant in a thriving retail corridor.
The property benefits from strong traffic exposure, with approximately 70,690 Vehicles Per Day at the intersection of NE 117th Ave and NE 99th Street. Additionally, the lease includes a 10% rent increase in February 2026, providing future income growth for investors. This well-positioned investment offers stability with a high-quality tenant in a thriving retail corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,800 SF
Building Class
B
Year Built
2021
Price
$2,128,000
Price Per SF
$560
Cap Rate
5%
NOI
$106,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Land Acres
0.25 AC
PROPERTY TAXES
| Parcel Number | 200124-000 | Improvements Assessment | $751,500 |
| Land Assessment | $534,800 | Total Assessment | $1,286,300 |
PROPERTY TAXES
Parcel Number
200124-000
Land Assessment
$534,800
Improvements Assessment
$751,500
Total Assessment
$1,286,300
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9920 NE 117th Ave
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