SR500 Orchards Commerce Center

Positioned at the northwest intersection of Highway SR-500 and the Ehlen Rd exit in Vancouver, Washington, 5500-5501 NE 109th Ct benefits from high visibility and accessibility in a bustling commercial corridor. Vancouver, a thriving city in Clark County just across the Columbia River from Portland, Oregon, is known for its rapid growth and strategic location as a gateway to the Pacific Northwest. The property enjoys seamless connectivity to major transportation routes, including Interstate 5 and 205, attracting a steady flow of commuters, shoppers, and businesses. Surrounding the site are residential neighborhoods, industrial parks, and retail hubs, creating a dynamic environment for tenants and customers alike. Clark County offers a nimble business environment in one of the most cost competitive communities on the West Coast; providing an ample supply of development ready land, competitive lease rates, abundant clear water and some of the lowest utility rates in the U.SUPSIDE POTENTIAL - BELOW MARKET RENTS - ALL NNN LEASES - 100% OCCUPIED The property at 5500-5501 NE 109th Ct in Vancouver, Washington, is a two-building, 34,196 square foot multi-tenant commercial general complex featuring 21 units occupied by 20 tenants. This fully leased asset is performing strongly, with all NNN leases offering below-market rents for significant upside potential. Priced at $6,995,000, it delivers a solid 7.5% capitalization rate, translating to a Net Operating Income (NOI) of $524,625 annually. Landlord expenses, including property management, common area maintenance, insurance, taxes, and reserves, are estimated at $125,000–$140,000 per year, with tenants covering additional NNN costs. Situated on a 2.29-acre lot with ample parking and excellent access, the tenant mix includes a healthy blend of retail, professional and personal services, and one Chinese restaurant, ensuring diversified income streams in a coveted location. Sale Price: $6,995,000 Cap Rate: 7.5% Total Space: 34,196 SF NOI: $524,625 annually Estimated Landlord Expenses: $125,000–$140,000 annually Lot Size: 2.29 acres Zoning: Commercial General