Willapa Thriftway Shopping Center 700 Willapa Place Way
Raymond, WA 98577
For Sale
44,200 sqft
Sale Price
$5,000,000
Brochure
Property Website
Map
Retail For Sale - Unavailable
Established Grocer Location Operating as a Grocery Anchored Center Since Development, for 25+ Years | Below Market Rents and Current Vacancies Make this a Great Value Add Play
Established Grocer Location Operating as a Grocery Anchored Center Since Development, for 25+ Years
Tenants are All on NNN Leases
Barrier to Entry Market with Closest Large Grocers 25-50 Miles Awayin Each Direction
Below Market Rents and Current Vacancies Make this a Great Value Add Play
Large Lot, 4+ Acres, Along Willapa Bay and Located Out of a Flood Zone
Directly Accessible from Highway 101, the Major North/South Highway Running the Entire Length of the West Coast
Serviced by Two Local Bus-Stops at the Entrance of the Lot forLocal Small Town Commuters
Bordered by Nationally Tenanted Outpads Drawing Traffic into the Location
Just 1 Hour Drive Distance to Olympia, WA and Astoria, OR and Just 2 Hour Drive Distance to Seattle, WA and Portland, OR
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
CBRE is pleased to offer to the market the Willapa Shopping Center, anchored by Thriftway and located in Raymond, WA directly along the Willapa Bay.
The center is well positioned to service several local communities along Highway 101 and Highway 6 as the closest large grocery operators are 25+ miles to the north in Aberdeen, 65+ Miles to the west in Ocean Park, 53 miles south in Astoria, OR and 53 miles to the east in Chehalis. There are more than 10,000 residents and more than 4K households just within a 15-mile radius, not to mention the underserved tenants farther west, south and east, that rely on this Thriftway for their local shopping needs. The Thriftway, on a new 10-year NNN lease, makes up just over 80% of the center. Other tenants like Subway and Las Maracas Mexican restaurant have been long-term tenants of the center at 25+ and 10+ years respectively. The property has excellent visibility from Highway 101, the main north/south highway running up and down the California, Oregon and Washington coasts. The property benefits from out pads housing national tenants McDonald’s and Shell Oil. There are two easily accessible areas of ingress/egress along the sides of the national tenanted out pads and the property itself sits on a large parcel with ample parking at a size of over 4 acres.
The center is well positioned to service several local communities along Highway 101 and Highway 6 as the closest large grocery operators are 25+ miles to the north in Aberdeen, 65+ Miles to the west in Ocean Park, 53 miles south in Astoria, OR and 53 miles to the east in Chehalis. There are more than 10,000 residents and more than 4K households just within a 15-mile radius, not to mention the underserved tenants farther west, south and east, that rely on this Thriftway for their local shopping needs. The Thriftway, on a new 10-year NNN lease, makes up just over 80% of the center. Other tenants like Subway and Las Maracas Mexican restaurant have been long-term tenants of the center at 25+ and 10+ years respectively. The property has excellent visibility from Highway 101, the main north/south highway running up and down the California, Oregon and Washington coasts. The property benefits from out pads housing national tenants McDonald’s and Shell Oil. There are two easily accessible areas of ingress/egress along the sides of the national tenanted out pads and the property itself sits on a large parcel with ample parking at a size of over 4 acres.
The property is well situated directly off of Highway 101, the north/south highway connecting the California, Oregon and Washington coastline (1,540 miles). The location is just west of the meeting point for Highway 101 and Highway 6. Highway 6 links Raymond to Chehalis approximately 51 miles to the east. Public beach access is just 10 miles to the west and this location serves a great last spot in or first spot out when traveling to the coast. The property sits on more than 4 acres, backs directly to the Willapa Bay and is served by nationally tenanted out parcels of McDonald’s and Shell Oil.
Raymond is a city in Pacific County, Washington along Willapa Bay. The town’s economy has traditionally been based on logging and fishing, together with a limited amount of tourism.
Willapa Bay is located on the southwest Pacific coast of Washington state. The Long Beach Peninsula separates Willapa Bay from the greater expanse of the Pacific Ocean. With over 120 square miles of surface area Willapa Bay is the second largest riverine estuary on the Pacific coast of the continental United States. Willapa Bay is known for its biodiversity and much of it, including the entirety of Long Island, has been set aside as part of the Willapa National Wildlife Refuge. The Willapa National Wildlife Refuge consists of over 17,000 acres of tidelands, temperate rainforests, ocean beaches, and small streams. It also includes several rare remnants of the old growth coastal cedar forest. Preserving habitat for spawning wild salmon, hundreds of thousands of migrating shorebirds and waterfowl, and threatened species such as the western snowy plover and marbled murrelet, the refuge is the place to see what the Pacific Northwest looked like over 100 years ago. The oyster beds help the ecosystem by providing habitats and filtering water, improving the quality of the water. The North River, Willapa River, and Naselle River provide most of the freshwater input into Willapa Bay. Other rivers that empty into Willapa Bay include the Bone River, Niawiakum River, Palix River, Cedar River and Bear River, among others.
Pacific County is centered on Willapa Bay, a region that provides twenty-five percent of the United States’ oyster harvest, although forestry, fishing, and tourism are also significant elements of the county’s economy. Pacific County‘s largest city is Raymond.
Raymond is a city in Pacific County, Washington along Willapa Bay. The town’s economy has traditionally been based on logging and fishing, together with a limited amount of tourism.
Willapa Bay is located on the southwest Pacific coast of Washington state. The Long Beach Peninsula separates Willapa Bay from the greater expanse of the Pacific Ocean. With over 120 square miles of surface area Willapa Bay is the second largest riverine estuary on the Pacific coast of the continental United States. Willapa Bay is known for its biodiversity and much of it, including the entirety of Long Island, has been set aside as part of the Willapa National Wildlife Refuge. The Willapa National Wildlife Refuge consists of over 17,000 acres of tidelands, temperate rainforests, ocean beaches, and small streams. It also includes several rare remnants of the old growth coastal cedar forest. Preserving habitat for spawning wild salmon, hundreds of thousands of migrating shorebirds and waterfowl, and threatened species such as the western snowy plover and marbled murrelet, the refuge is the place to see what the Pacific Northwest looked like over 100 years ago. The oyster beds help the ecosystem by providing habitats and filtering water, improving the quality of the water. The North River, Willapa River, and Naselle River provide most of the freshwater input into Willapa Bay. Other rivers that empty into Willapa Bay include the Bone River, Niawiakum River, Palix River, Cedar River and Bear River, among others.
Pacific County is centered on Willapa Bay, a region that provides twenty-five percent of the United States’ oyster harvest, although forestry, fishing, and tourism are also significant elements of the county’s economy. Pacific County‘s largest city is Raymond.
Total Space Available
44,200 sqft
Sale Price
$5,000,000
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB