Net Leased Investment Offering

For Sale

102 S 5th Ave, Yakima, WA 98902

This Yakima property for sale is located at 102 S 5th Ave. The general use of Net Leased Investment Offering is retail and it incorporates 12,323 square feet of class C retail space. The current listed sale price for Net Leased Investment Offering is $1,250,850. Net Leased Investment Offering is situated on a lot that is 0.49 acre in size.

Contacts

broker
Bill Almon, Jr.

Almon Commercial Real Estate

Property Details

  • 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.
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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.

Getting around

  • 90/100

    Walk Score ®

  • 34/100

    Transit Score ®

  • 55/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Bill Almon, Jr.

Almon Commercial Real Estate

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