Overview

Description

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Wenatchee is the county seat and largest city of Chelan County, WA. The population within the city limits in 2010 was 31,925, and was estimated to have increased to 34,360 as of 2019. Located in the north-central part of the state, at the confluence of the Columbia and Wenatchee rivers near the eastern foothills of the Cascade Range, Wenatchee lies on the western side of the Columbia River, across from the city of East Wenatchee. The Columbia River forms the boundary between Chelan and Douglas County. Wenatchee is the principal city of the Wenatchee–East Wenatchee, Washington Metropolitan Statistical Area, which encompasses all of Chelan and Douglas counties (total population around 110,884). However, the "Wenatchee Valley Area" generally refers to the land between Rocky Reach and Rock Island Dam on both banks of the Columbia, which includes East Wenatchee, Rock Island, and Malaga.

Wenatchee is the urban center of 70,000 people in a region that has traditionally been dependent on agriculture and government sectors as the mainstay of the economy. This combination has provided Wenatchee with a stable economic environment over the years. Over the last decade the economy has diversified significantly including the latest addition of the Diamond Foundry. Today, the area’s largest employers reflect the region’s agricultural heritage, but also other strengths including hydroelectric power, health care, technology and tourism industries.

Wenatchee is experiencing a high appreciation economic environment based on influences from the Seattle Metro economy and its desirable livability amenities centered around outdoor recreation. Wenatchee’s livability as an urban hub for all of North Central Washington is boosted by the numerous features that attract tourists and treat locals on a year-around basis from the newly improved Mission Ridge ski area, the Pybus Public Market, the Town Toyota Center, the Foothills Trails System and the growing Apple Capital Recreational Loop Trail along the Columbia River in Wenatchee. The Pybus Public Market is the new prize of the community providing an amazing gathering place for locals and visitors to enjoy the fruits of our region. Located on the Apple Capital Loop Trail and beautiful riverfront park in downtown, this venue is an anchor to growth in the city.

Highlights

• Absolute NNN Lease with Zero Landlord Responsibilities
• 17 Years Remaining in Term | Lease Supports Two, 10-Year Options
• Annual Rental Escalations of 1.75% Offers a Hedge Against Inflation
• Positioned Directly Adjacent to Target and Surrounded by National Retailers Including Lowes, Starbucks, The Home Depot, Walmart, Walgreens and Many Others
• Located at the Signalized Intersection of N Miller St and Springwater Ave
• Excellent Visibility and Easily Accessible Along N Miller St with Traffic Counts of Over 30,000 Vehicles Per Day
• Albertsons Guarantee | NYSE: ACI | Over 2,253 Across 35 States

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