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1002 W Rose St 20,036 SF Retail Building Walla Walla, WA 99362 $6,347,328 ($316.80/SF) 6.25% Cap Rate
Executive Summary
Investment Summary: U.S. Foods CHEF’STORE – Walla Walla, WA
Building Size: 20,036 SF (100% occupied)
Land Area: 65,132 SF (±1.5 acres)
Year Built: 2020 (BTS construction by Barclay Group)
Address: 1002 W Rose St, Walla Walla, WA 99362
Lease Type: Triple-Net (NNN) – highly passive for landlord
Lease Highlights
Primary term: October 16, 2020 – October 31, 2035 (15 years)
Options: Three (3) 5-year + one (1) 4-year extension
Contractual 10% rent increases every five years
Tenant
US Foods Holding Corp. (NYSE: USFD) operates the CHEF’STORE cash-and-carry concept (one of 90+ locations nationwide). The company is a Fortune 500 foodservice distributor with $37.88 billion in total revenue (as of 12/31/24), ~30,000 employees, and partnerships with over 250,000 restaurants and food operators across the U.S.
Property & Location Highlights
Modern 2020-built grocery wholesale/retail building on Walla Walla’s primary commercial corridor (West Rose Street).
Strong traffic drivers: historic downtown, Whitman College, Providence St. Mary Medical Center, and the Walla Walla Valley’s wine tourism (158+ wineries, ~750,000 annual visitors, ~$250–260 million economic impact).
Nearly 7% year-over-year increase in visitor traffic to the property (Placer.ai data).
Submarket retail vacancy: 3.6%.
Abundant parking (~66 spaces / 3.3 per 1,000 SF).
Key Investment Merits
Recession-resistant essential retail tenant (foodservice/grocery).
Built-in rent growth and passive NNN structure.
Newer construction with minimal near-term capital requirements.
Diversified demand from healthcare, higher education, agriculture, and year-round tourism.
This is a single-tenant, institutional-quality retail investment in an established Eastern Washington market with strong demographic tailwinds and contractual cash-flow growth.
Building Size: 20,036 SF (100% occupied)
Land Area: 65,132 SF (±1.5 acres)
Year Built: 2020 (BTS construction by Barclay Group)
Address: 1002 W Rose St, Walla Walla, WA 99362
Lease Type: Triple-Net (NNN) – highly passive for landlord
Lease Highlights
Primary term: October 16, 2020 – October 31, 2035 (15 years)
Options: Three (3) 5-year + one (1) 4-year extension
Contractual 10% rent increases every five years
Tenant
US Foods Holding Corp. (NYSE: USFD) operates the CHEF’STORE cash-and-carry concept (one of 90+ locations nationwide). The company is a Fortune 500 foodservice distributor with $37.88 billion in total revenue (as of 12/31/24), ~30,000 employees, and partnerships with over 250,000 restaurants and food operators across the U.S.
Property & Location Highlights
Modern 2020-built grocery wholesale/retail building on Walla Walla’s primary commercial corridor (West Rose Street).
Strong traffic drivers: historic downtown, Whitman College, Providence St. Mary Medical Center, and the Walla Walla Valley’s wine tourism (158+ wineries, ~750,000 annual visitors, ~$250–260 million economic impact).
Nearly 7% year-over-year increase in visitor traffic to the property (Placer.ai data).
Submarket retail vacancy: 3.6%.
Abundant parking (~66 spaces / 3.3 per 1,000 SF).
Key Investment Merits
Recession-resistant essential retail tenant (foodservice/grocery).
Built-in rent growth and passive NNN structure.
Newer construction with minimal near-term capital requirements.
Diversified demand from healthcare, higher education, agriculture, and year-round tourism.
This is a single-tenant, institutional-quality retail investment in an established Eastern Washington market with strong demographic tailwinds and contractual cash-flow growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
20,036 SF
Building Class
C
Year Built
2020
Price
$6,347,328
Price Per SF
$316.80
Cap Rate
6.25%
NOI
$396,708
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.50 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
66 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
264’ on Rose St
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 360730542304 | Improvements Assessment | $3,072,570 |
| Land Assessment | $314,700 | Total Assessment | $3,387,270 |
Property Taxes
Parcel Number
360730542304
Land Assessment
$314,700
Improvements Assessment
$3,072,570
Total Assessment
$3,387,270
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1002 W Rose St
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