Willapa Thriftway Shopping Center — Lease in Raymond, WA

  • Price: $5M
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Raymond, WA 98577

Description

Established Grocer Location Operating as a Grocery Anchored Center Since Development, for 25+ Years | Below Market Rents and Current Vacancies Make this a Great Value Add Play CBRE is pleased to offer to the market the Willapa Shopping Center, anchored by Thriftway and located in Raymond, WA directly along the Willapa Bay. The center is well positioned to service several local communities along Highway 101 and Highway 6 as the closest large grocery operators are 25+ miles to the north in Aberdeen, 65+ Miles to the west in Ocean Park, 53 miles south in Astoria, OR and 53 miles to the east in Chehalis. There are more than 10,000 residents and more than 4K households just within a 15-mile radius, not to mention the underserved tenants farther west, south and east, that rely on this Thriftway for their local shopping needs. The Thriftway, on a new 10-year NNN lease, makes up just over 80% of the center. Other tenants like Subway and Las Maracas Mexican restaurant have been long-term tenants of the center at 25+ and 10+ years respectively. The property has excellent visibility from Highway 101, the main north/south highway running up and down the California, Oregon and Washington coasts. The property benefits from out pads housing national tenants McDonald’s and Shell Oil. There are two easily accessible areas of ingress/egress along the sides of the national tenanted out pads and the property itself sits on a large parcel with ample parking at a size of over 4 acres.

Market Context

This retail in Raymond, WA is listed for lease at $5,000,000. It has been on the market for 196 days. Compare it against other retail listings for lease in Raymond, WA — view the full market.

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