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100% Occupied
Wal-Mart Shadowed Retail Center

Anchored by Starbucks and JPM Chase

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The Tuscany Plaza Retail Center is a center consisting of 9 tenants and covers an area of 21,000 square feet. It is located on the busy Wal-Mart entrance in Pasco, Washington on Rd.68.

 

Since its construction in 2005, the retail eco-system has maintained 100% occupancy. The end cap suites are occupied by Starbucks and JPM Chase, both of which have drive-thrus. This investment property has exhibited robust performance in all economic conditions and continues to cater to the rapidly expanding Road 68 area.

 

This high-traffic retail center features a diverse tenant mix, strong market fundamentals, and the potential for value-add improvements. Potential buyers of this property will find it to be an attractive investment opportunity in a growing market.

PRICE

$8,395,000

CAP

5.00%

LEASABLE SF
20,538
LAND AREA
2.85 AC
OCCUPANCY
100%
SUITES
9
YEAR BUILT
2005
PARKING
100+ spaces

  • 100% Occupied from the original development in 2005

  • First time this retail investment has hit the Market.

  • Strong Tenant Mix with many original tenants since it’s opening.

  • Two buildings make up the Retail Center: Seven tenants in a 17,000 SF building and two tenants in a 5,000 SF building.

  • Located in front of busy Road 68 Wal-Mart location in Pasco, Wa.

  • The Starbucks and JPM Chase Drive-Thru End Cap suites provide value and strength for the Center. Easy access from HWY I82 On and Off ramps.

  • This Center has below Market rents ($21.00/SF average); allowing for Market upside and increased returns.

  • Lease Renewal Dates are staggered ranging from 2-7 years from May 2023.

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Site Map Overview

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Tenant Mix

Tuscany Plaza’s long-term tenants and busy location make it a prime commercial investment opportunity. With established businesses occupying the space, there is a stable source of income that can provide long-term returns. Additionally, the busy location of the plaza means that there is a consistent flow of foot traffic and potential customers, increasing the potential for growth and profitability for both Tenant and Landlord.

Derrick Stricker CCIM SIOR on location at the Tuscany Plaza Retail Center in Pasco, Washington. This video takes a comprehensive look at Tuscany Plaza and showcases it's incredible investment upsides.

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Image Gallery

For financials and more information please contact.

DISCLAIMER: This communication has no warranty or representation, express or implied as to the accuracy of the information contained herein and same is submitted subject to errors and omissions. Buyer and Seller are responsible for independently verifying all presented information.

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