Umpqua Bank (Status: Available)
401, Market Blvd, Chehalis, WA 98532
Marcus & Millichap has been selected to exclusively market for sale the Umpqua Bank located at 401 N Market Boulevard in Chehalis, Washington (pronounced sha-HAY-lis). The property consists of a 12,852-square foot building on a 20,550-square foot lot. Umpqua is prominently located on a corner lot in downtown Chehalis on the city’s main arterial, Market Boulevard.
Umpqua Bank occupies the building under an absolute triple-net (NNN) lease which features 2% annual rental increases. The lease expires May 31, 2021 after which Umpqua has four, 5-year renewal options. In addition to the monthly rental payment, Umpqua pays recurring utility bills, insurance policy premiums, and real estate taxes directly and is responsible for all repair and maintenance to the building and premises.
Asset Class: Retail
Year Built: 1971
Building Total Square Feet: 12852
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information:
Listing Courtesy of: Marcus & Millichap, Inc.
Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. DBA North Sound Commercial and should be verified by the buyer.
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