SR500 Orchards Commerce Center

For Sale

5500/5501 NE 109th Ct, Vancouver, WA 98662

This Vancouver property for sale is located at 5500/5501 NE 109th Ct. The current listed sale price for SR500 Orchards Commerce Center is $6,875,000. SR500 Orchards Commerce Center is situated on a lot that is 2.29 acre in size.

Contacts

broker
Alvin J. Nash

Tradition Real Estate Partners

Property Details

  • Property Type Retail - Street Retail
  • Property Size 34,196 SF
  • Units 21
  • Lot Size 2.29 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Nov 27, 2024
SR 500 Commerce Center is on the busy intersection and ramp of NE Gher Rd and SR 500 Vancouver, Wa. Clark County: CLARK COUNTY: Situated in the heart of the Pacific Northwest, Clark County is exceptionally well positioned to access major West Coast, Midwest & International markets through multiple connections to I 5, I 84, deep water ports, rail, & the Portland International Airport (PDX). Clark County offers a nimble business environment in one of the most cost competitive communities on the West Coast; providing an ample supply of development ready land, competitive lease rates, abundant clear water and some of the lowest utility rates in the U.SUPSIDE POTENTIAL - BELOW MARKET RENTS - ALL NNN LEASES - 97% OCCUPIED $637,018 Gross Income $477,330 NOI 6.94% Cap Rate 97% Leased Value Add Commerce Center. SR 500 Commerce Center is perfectly situated in an excellent location right in the heart of bustling Vancouver, and SR 500 which is on a fast track for development. This well maintained, strong boned strip mall property is surrounded by dense retail and other businesses and affluent residential neighborhoods. SR 500 Commerce Center boasts a total of 21 units with a healthy blend of traditional retail and office Tenants. Easy access to I 205 and I 5, and SR500 offers Tenants an easy connection to Portland and all areas of Vancouver. Traffic Counts of from 23,000 to 62,000 ensures a High Visibility experience for all Tenants of this well known Center. Listing Brokers are in the ownership of the property.IMPROVED EXTERIOR! SR 500 Commerce Center is perfectly situated in an excellent location right in the heart of bustling Vancouver, and SR 500 which is on a fast track for development. This well maintained, strong boned strip mall property is surrounded by dense retail and other businesses and affluent residential neighborhoods. SR 500 Commerce Center boasts a total of 21 units with a healthy blend of traditional retail and office Tenants. Easy access to I 205 and I 5, and SR500 offers Tenants an easy connection to Portland and all areas of Vancouver. Traffic Counts of from 23,000 to 62,000 ensures a High Visibility experience for all Tenants of this well known Center.
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Highlights

  • UPSIDE POTENTIAL - BELOW MARKET RENTS
  • $6,875,000 Sales Price
  • 6.94% Cap Rate
  • $637,018 Gross Income
  • $477,330 NOI
  • All NNN Leases
  • 97% Occupied
  • Stable Tenants
  • Ample Parking
  • Location Location Location

Attachments

Getting around

  • 71/100

    Walk Score ®

  • 35/100

    Transit Score ®

  • 73/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Vancouver, WA
  • Neighborhood Kevanna Park
  • Zip Code 98662
  • Market Portland

Points of Interest

  • Mobil

    0.19 miles

  • 76

    0.28 miles

  • Shell

    0.33 miles

  • Chevron

    0.73 miles

  • Fred Meyer

    1.16 miles

  • Tesla Supercharger

    1.16 miles

  • Sinclair

    1.30 miles

  • 7-Eleven

    1.31 miles

  • Electrify America

    1.82 miles

  • Blink

    2.16 miles

  • Evergreen Park & Ride

    2.33 miles

  • Andresen Park and Ride

    2.37 miles

  • Lot A

    2.83 miles

  • Lot B

    2.86 miles

  • Devine Trailhead

    3.30 miles

  • Guest Parking

    3.76 miles

  • Green

    4.69 miles

  • Brown

    4.71 miles

  • Yellow 1

    4.75 miles

  • Orange 2

    4.81 miles

  • Burger King

    0.06 miles

  • McDonald's

    0.08 miles

  • Cisco's Mexican Restaurant

    0.09 miles

  • Subway

    0.14 miles

  • Applebee's

    0.16 miles

  • Burgerville

    0.21 miles

  • Shen Chang

    0.23 miles

  • DQ Grill & Chill

    0.25 miles

  • Pho Saigon

    0.26 miles

  • Orchards Teriyaki

    0.26 miles

  • Tola Angkor Market

    0.34 miles

  • Grocery Outlet

    0.60 miles

  • Bi-Mart

    0.66 miles

  • JCPenney

    1.05 miles

  • Fred Meyer

    1.07 miles

  • Vancouver Mall

    1.15 miles

  • Big Lots

    1.19 miles

  • Macy's

    1.32 miles

  • Safeway

    1.43 miles

  • Advanced Liquidators

    1.45 miles

In-Depth Research Available for this Property

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Contact Listing Broker
broker
Alvin J. Nash

Tradition Real Estate Partners