1802 1st | Yakima, WA 98903
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- LoopNet Team
1802 1st
Yakima, WA 98903
New Construction | Two Tenant NNN Investment · Retail Property For Sale
Investment Highlights
- NEW CONSTRUCTION: Two-tenant retail building constructed in 2020 and occupied by Indaba Coffee Roasters and Mom’s Dishes.
- MINIMAL MANAGEMENT: The combination of the long-term, and passive NNN leases brand new construction provides for minimal management and oversight
- HIGHWAY ACCESSIBILITY: Situated ¼ mile from I-82, the property provides convenient accessibility to one of the region’s primary interstates.
- 15-YEAR NNN LEASES: Both tenants recently executed 15-year NNN leases with rental increases of 2.5% - 3.0% annually.
- CORNER PARCEL AT SIGNALIZED INTERSECTION: High visibility intersection of Mead Ave and S. 1st St with combined traffic counts of 30,550 VPD
- STRONG RETAIL TRADE AREA: Located adjacent to CenterCal’s Valley Mall and other national retailers such as Home Depot, Cabela’s, Hobby Lobby and more
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,176 SF
Building Class
B
Year Built
2020
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.21 AC
Parking
25 Spaces (5.99 Spaces per 1,000 SF Leased)
Frontage
289 FT on South 1st Street
Amenities
- Pylon Sign
- Restaurant
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 191331-11403 | Improvements Assessment | $1,720,500 |
| Land Assessment | $461,700 | Total Assessment | $2,182,200 |
PROPERTY TAXES
Parcel Number
191331-11403
Land Assessment
$461,700
Improvements Assessment
$1,720,500
Total Assessment
$2,182,200
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