Description
FOR SALE: TARGET - $4.87M - $50/SF - LOW RENT - NNN - WENATCHEE, WAThe only full-size Target within 150 miles, offered at $50/SF on an absolute NNN lease. Target exercised a new 5-year option extension through September 2031 with three additional options remaining. In-place rent of $2.43/SF/YR is significantly below market with upside at expiration. The property anchors Valley North Center, the #1 shopping center in a 50-mile radius and a top 10% performer nationwide with 3.5M annual visits.Highlights:• Absolute NNN• Fortune 50 credit, rated A/A2/A• Only full-size Target within 150 miles• New 5-year lease extension through September 2031• 3 remaining options with 10% rent bumps each — cap rate grows to 6.64% by 2046• Below-market rent at $2.43/SF• Fee simple land ownership, 5.71