15 10Th AveKennewick, WA 99336

Property Details for 15 10Th Ave

Year built

1989

Construction

CONCRETE

Lot size

0.69 AC

Property size (Sq ft)

3,977 SF

Zone code

21

Property type

Office properties

Property subtype

Office buildings

APN

112891020001017

APU

112891020001017

Description

This exceptional investment opportunity presents a single-tenant, net-leased commercial property located at 15 W 10th Avenue, Kennewick, WA. The property sits on a 0.69-acre lot and is offered at $1,250,000. The building houses Benton Franklin Physical Therapy, a well-established and vital healthcare provider specializing in comprehensive orthopedic care, including surgical and non-surgical treatments, physical therapy, and sports medicine. This thriving business serves a significant portion of the community's healthcare needs, ensuring a stable and reliable income stream for the investor. The property's strategic location near the major intersection of 10th Avenue and Washington Street provides excellent visibility and accessibility, benefiting from high traffic counts along key arterial routes serving the eastern and southern parts of Kennewick. This is a rare opportunity to acquire a strong-performing, single-tenant NNN investment in a desirable location with significant growth potential. The property's established tenant and prime location make it an attractive investment for those seeking a stable and high-yield return. Further details regarding the property's square footage and lease terms are available upon request. This is a turnkey investment ready for immediate ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $810,381

  6.5%

  $748,044

  7%

  $694,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $847,936

  Geo Method

  $847,936

• Alternative Use

  Use

  Valuation

  Residential

  $927,574

  Hospitality

  $849,653

  Educational

  $706,901

  Medical

  $731,213

  Retail

  $1,099,624

Location Insight

City

Kennewick

County

Benton

State

Washington

Latitude

46.1979

Longitude

-119.118

CBSA code

28420

CBSA name

KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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