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 | Gross Leasable Area | 1,440 SF |
| Property Subtype | Storefront | Year Built | 2011 |
| 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.
