2600 Yakima Valley Hwy | Sunnyside, WA 98944
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2600 Yakima Valley Hwy
Sunnyside, WA 98944
Sunnyside Retail Center · Retail Property For Sale
Investment Highlights
- Over 250 basis points of spread between cap rate and assumable financing provides above-market pre-taxed returns of 10.40%
- The property is priced well below replacement cost at $96 per square foot and strategically located in extremely low vacancy sub-market of below 3%
- The center is well-occupied by a strong mix of national tenants, including Grocery Outlet, Tractor Supply Company, and Planet Fitness
- The property comes with assumable financing at an attractive interest rate of 4.99% and a loan-to-value ratio of 73%
- Rents are scheduled to increase $70,860 in the next 18 months
- Grocery Outlet is a Fortune 500 company and a top-performing store in Washington and has a 10% rental escalation in February 2024
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
92,844 SF
Building Class
B
Year Built
1993
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.34
Lot Size
6.27 AC
Zoning
B-3
Parking
230 Spaces (2.48 Spaces per 1,000 SF Leased)
Frontage
451 FT on Yakima Valley Hwy
Amenities
- Bus Line
- Pylon Sign
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 231030-43414 | Improvements Assessment | $3,560,600 |
| Land Assessment | $1,245,400 | Total Assessment | $4,806,000 |
PROPERTY TAXES
Parcel Number
231030-43414
Land Assessment
$1,245,400
Improvements Assessment
$3,560,600
Total Assessment
$4,806,000
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