Retail Space - For Sale
2800 Northeast 162nd Avenue Vancouver, WA 98682
Details & Description
Price: $6,450,000
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 1.570
  • Building Sq Ft 17,272
  • Building Price per Sq Ft $373.44
  • Land Sq Ft 68,389
  • Land Price per Sq Ft $94.31
Scheduled Rent increases of a $1/SF every five years increases yield approximately 58 basis points within the next 10 years. Located in high-growth trade area of east Vancouver with high-density surrounding residential; Vancouver ranked the 2nd-fastest growing city in Washington between April 2019 and 2020.
Property Highlights
 Array
Additional Photos
Listing Agents
Kevin Adatto
Capital Pacific
O: 503-675-7726
kadatto@capitalpacific.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2800 Northeast 162nd Avenue

Vancouver, WA 98682

Listing ID: 259562
$6,450,000
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 1.570
  • Building Sq Ft 17,272
  • Building Price per Sq Ft $373.44
  • Land Sq Ft 68,389
  • Land Price per Sq Ft $94.31
  • 2800 Northeast 162nd Avenue Vancouver, WA 98682 | for Sale | Photo 1
  • 2800 Northeast 162nd Avenue Vancouver, WA 98682 | for Sale | Photo 2
  • 2800 Northeast 162nd Avenue Vancouver, WA 98682 | for Sale | Photo 3
  • 2800 Northeast 162nd Avenue Vancouver, WA 98682 | for Sale | Photo 4
2800 Northeast 162nd Avenue | for Sale | Thumbnail 1
2800 Northeast 162nd Avenue | for Sale | Thumbnail 2
2800 Northeast 162nd Avenue | for Sale | Thumbnail 3
2800 Northeast 162nd Avenue | for Sale | Thumbnail 4
Property Highlights
 Purportedly a very strong store with increasing sales.
 NNN lease provides few Landlord responsibilities limited to the roof and structure.
 Highly exposed location on hard corner of two preeminent arterials.
 Roughly 56 of the surrounding population is over 35 years old, providing a stable demand for pharmacy needs.
 Rite Aid is growing in Washington state with the recent acquisition of Bartell Drugs for $95M.
 Tax free state of Washington.
Description

Scheduled Rent increases of a $1/SF every five years increases yield approximately 58 basis points within the next 10 years. Located in high-growth trade area of east Vancouver with high-density surrounding residential; Vancouver ranked the 2nd-fastest growing city in Washington between April 2019 and 2020.

Attachments & Files

Listing Demographics for 2800 Northeast 162nd Avenue Vancouver, WA 98682

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population15,57697,903205,317
Population Median Age373738
Population by Age0-9 Yrs1952 (12%)12608 (12%)26944 (13%)
10-19 Yrs2573 (16%)13706 (13%)27798 (13%)
20-29 Yrs1814 (11%)14174 (14%)27824 (13%)
30-39 Yrs2024 (12%)13708 (14%)27752 (13%)
40-49 Yrs2147 (13%)13182 (13%)28330 (13%)
50-59 Yrs2104 (13%)11378 (11%)24493 (11%)
60-69 Yrs1679 (10%)10145 (10%)22229 (10%)
70+ Yrs1283 (8%)9002 (9%)19947 (9%)
Median HH Income$83,186$70,737$72,283
Total Household Income< 24K301 (5%)3997 (11%)9431 (12%)
25-49K942 (18%)7839 (21%)15178 (19%)
50-74K1036 (19%)7436 (20%)15053 (19%)
75-99K972 (18%)5939 (16%)11401 (14%)
100-199K1526 (29%)8896 (24%)19924 (26%)
200K+419 (8%)1873 (5%)5075 (6%)
Highest Education LevelNo Diploma691541310803
Diploma or GED23331596034165
Some College30301861837096
Assoc. Degree1174699314594
Bachelors Degree19341229627371
Higher Degree938562613849
Total Housing Units5,28137,32179,096
--Owner-Occupied4,22121,53548,150
--Renter-Occupied97514,44427,913
Owner-Occupied Values< 100K13312751965
100-199K28325095031
200-299K1495830116309
300-399K1336574013175
400-499K66220355886
500K+31116755785
Total Working Age Population12,11776,966161,431
In Work Force8,22851,542106,172
Not In Work Force3,88925,42455,259
Workforce Employed7,69348,635100,313
Workforce Unemployed5222,7615,593
Civlian Workforce8,21551,396105,906
Military Workforce13146266
Total Households5,19635,97976,063
Family Households4,03024,20751,843
Non-Family Households1,16611,77324,220
Married Couple3,20718,29339,838
Other Family8245,91412,005
Married w/Child1,3497,77017,170
Single Male w/Child1218081,838
Single Female w/Child2702,4884,741

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Oregon3,421,399+123,831,074+114,264,810+114,727,438
Multnomah County660,486+11735,334+12822,675+10906,904
Washington5,894,121+146,724,540+147,638,415+118,503,178
Clark County345,238+23425,363+17499,400+16576,879

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
Portland International Airport (PDX) 6
Seattle Tacoma International Airport (SEA) 125
Boeing Field King County International Airport (BFI) 131
Listing Agent
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