Marineland Plaza

main image
5211-5215 W Clearwater Ave, Kennewick , WA 99336
Marineland Plaza
Recently Renovated Shopping Center on Highly-Trafficked Retail Corridor with value-add opportunity.
The offering presents the opportunity to acquire Marineland Plaza located in the rapidly-growing city of Kennewick, WA. The Property is a 51,980 SF service-oriented shopping center leased predominantly to restaurant and personal/professional services, providing insulation from growing e-commerce. The Property has frontage on Clearwater Avenue, one of the city’s main arterials connecting directly to area freeways and benefitting from daily-needs traffic. The Offering presents a value-add component at 88% occupancy, increasing yield an estimated 70 basis points upon stabilization, and potential redevelopment of the pad, currently occupied by a near-term tenant.
David Gellner
Senior Broker (Commercial)
View Profile