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4040 Terrace Heights Dr
Yakima, WA 98901

Property For Lease

Highlights

  • Below market base rent and efficient operating expenses at approximately $3.75/SF (which includes common area power, plus water/sewer/garbage).
  • Terrace Heights is generally underserved for both retail services and restaurants.
  • Access from three arterials and frontage along three arterials.
  • Dense multi-family directly adjacent to the property potentially provides built-in clientele.
  • Parking well in excess of municipal code with approximately 1 stall/118SF.
  • Located on the SW corner of a controlled intersection.

PROPERTY FACTS

Property Type Retail
Property Subtype Storefront
Gross Leasable Area 1,440 SF
Year Built 2011

About the Property

THIS OFFERING is for the opportunity to lease space within a freestanding retail building that might be suitable for transformation to restaurant space within an established, vibrant 4-tenant retail center in Terrace Heights. Historically occupied by a frozen yogurt shop, the space is anticipated to be available on or potentially before January 1, 2022. The site is shared with an adjacent 3-tenant retail building occupied by Papa Murphy’s, Subway and Boost Bikes, an electric bike rental shop. Located at the SW corner of a controlled intersection and on the ‘going-home’ side of Terrace Heights Dr, the property is adjacent to a dense multi-family project, services both a significant residential community and the nearby medical university, and generally benefits from built-up demand for additional retail services in an underserved submarket. Offered at below market rent, the landlord is most interested in compatibility with the adjacent tenants and experienced tenants with a proven track-record.

  • Listing ID: 23695902

  • Date on Market: 7/16/2021

  • Last Updated:

  • Address: 4040 Terrace Heights Dr, Yakima, WA 98901

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