Net Leased Investment Offering

102 S 5th Ave, Yakima, WA 98902

  • For Sale $1,250,850
  • Property Type Retail - Street Retail
  • Property Size 12,323 SF
  • Lot Size 0.49 Acre
  • Building Class C
  • Year Built 1978
  • Date Updated Feb 18, 2025
THIS OFFERING is for the opportunity to purchase a net leased multi-tenant building with a good blend of regional and local retailers and professionals at an attractive cap rate and affordable purchase price based upon below market leases signed at an average of just under $9/SF, NNN, providing for some upside while also providing downsize protection. The purchase price equates to approximately $101.51/SF, which demonstrates a rare opportunity to acquire an investment grade property at an equivalent price/SF the building would be worth if it were sold vacant, meaning the capitalization rate does not manipulate the price above market. The sole vacancy, a former emergency veterinarian clinic, is currently on the market and seller will lease that space back for a period of up to 6 months if it has not been filled by closing.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • The building serves both professional and retail businesses with a good local and regional tenant mix.
  • All leases have been converted to or signed on triple-net terms with landlord responsibilities limited to structural repairs and roof, HVAC and parking lot replacement.
  • Average base rent of leases in place are slightly below market at approximately $9/SF/year, NNN.
  • In the event the lone vacancy has not been leased by closing, seller will lease that space back for 6 months.
  • Most HVAC units have been replaced between 2022 - 2024.

Contacts

broker
Bill Almon, Jr.

Almon Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    90/100 Walker's Paradise

  • Transit Score ®

    34/100 Some Transit

  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City Yakima, WA
  • Neighborhood Yakima
  • Zip Code 98902
  • Market Tri Cities

Points of Interest

  • Safeway Fuel Station

    0.36 miles

  • Conoco

    0.64 miles

  • Arco

    0.90 miles

  • 7-Eleven

    1.08 miles

  • Electrify America

    1.72 miles

  • ChargePoint

    4.20 miles

  • Lot P

    0.91 miles

  • Lot E

    0.95 miles

  • Lot O

    0.99 miles

  • Lot A

    1.00 miles

  • Lot F

    1.04 miles

  • Lot H - Student Parking

    1.05 miles

  • Lot G - Faculty/Staff

    1.07 miles

  • North Bullpen

    1.09 miles

  • Lot C - Visitor Parking

    1.09 miles

  • Lot D - Admin Parking

    1.09 miles

  • KFC

    0.04 miles

  • El Mirador

    0.10 miles

  • The Lariat

    0.17 miles

  • Taco Time

    0.20 miles

  • Poochie's

    0.26 miles

  • Famous Burger And Teriyaki Sandwich

    0.40 miles

  • Norm's of Yakima

    0.45 miles

  • Main Stop on the Ave

    0.45 miles

  • McDonald's

    0.48 miles

  • Golden Wheel

    0.50 miles

  • Safeway

    0.33 miles

  • Downtown Market

    0.60 miles

  • Mercado de Yakima

    0.81 miles

  • Big Lots

    1.30 miles

  • Target

    1.30 miles

  • Walmart Supercenter

    1.66 miles

  • Fiesta Foods

    1.67 miles

  • Grocery Outlet

    2.19 miles

  • Bi-Mart

    2.58 miles

  • JCPenney

    2.61 miles

Frequently Asked Questions

How much does Net Leased Investment Offering cost?

The space currently listed for sale at Net Leased Investment Offering asks for $1,250,850.

What is the total square footage of Net Leased Investment Offering?

Net Leased Investment Offering totals 12,323 square feet.

When was this property built?

Net Leased Investment Offering was built in 1978.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Bill Almon, Jr.

Almon Commercial Real Estate

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.