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Investment Highlights

  • Glenwood Square offers over 20 years of successful operations in the heart of Yakima, demonstrating stability and long-term tenant demand
  • Existing vacancy provides an opportunity to increase cash flow and improve overall returns as remaining space is leased at market rates
  • Originally an apple warehouse, the building features exposed beams and hardwood floors, creating a distinctive setting
  • The property is anchored by well-established, locally recognized tenants that generate consistent daily traffic & contribute to a vibrant environment
  • Ownership has completed recent upgrades to the property, a roof replacement in 2016, interior fire sprinklers and suppression
  • Second-floor theater/ media space offers upside through events, entertainment programming, or alternative uses

Executive Summary

Kidder Mathews is pleased to present the opportunity to acquire Glenwood Square, an irreplaceable and historic multi-tenant neighborhood shopping center in Yakima’s affluent West Valley submarket.
Glenwood Square is anchored by 3 of Yakima’s most popular and long-time established restaurants, offering stable and differentiated rental income at an attractive 8.72% current CAP Rate, generating an immediate 11% cash on cash return with traditional financing.
Located within the affluent West Valley submarket— Yakima’s highest-income submarket -The property benefits from strong surrounding demographics, with a county population exceeding 250,000 residents and approximately 85,000 households.
The building itself offers a distinctive architectural character, featuring exposed rustic beams and heavy hardwood flooring that create an inviting and authentic environment well-suited for a variety of retail and service-oriented uses.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
52,275 SF
Building Class
B
Year Built
1945
Price
$4,000,000
Price Per SF
$76.52
Cap Rate
8.72%
NOI
$348,800
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Lot Size
2.32 AC
Zoning
M1
Parking
200 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
185’ on Tieton Dr

Amenities

  • Bus Line
  • Fenced Lot
  • Restaurant
  • Tenant Controlled HVAC
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Apple Box Accounting Llc
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Wholesaler
  • -
  • -
  • Modified Gross
  • Jun 2021

Founded in 1934, the Grant J. Hunt Company has been a trusted supplier of high-quality fruits and vegetables for over 90 years. Specializing in both organic and conventional produce, the company’s core items include apples, pears, cherries, potatoes, onions, berries, and citrus, available year-round. In 2013, the company expanded its services by launching the Grant J. Hunt Company Marketing Group, bringing over two decades of agricultural marketing experience. This group provides expertise in print and digital design, branding, social media, packaging, and category management. To further support its customers, the company also operates Oakport Transportation, offering reliable produce shipping across the U.S. with a focus on California, the Pacific Northwest, British Columbia, and Nevada. With a legacy of innovation, quality, and service, the Grant J. Hunt Company remains a leader in the produce industry.

  • Horizon Research
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Educational Services
  • -
  • -
  • -
  • -

Monique Love, owner and founder of L’Amour Skin and Waxing Studio, strives to help every client see the beauty within themselves. Since becoming a licensed esthetician in 2004, Monique has helped many clients achieve beautiful skin by focusing on healthy skin. Her use of products and treatments is customized for every client to treat their specific conditions and help them achieve their personal skin care goals. To benefit from custom skin care treatments administered by an experienced, licensed esthetician with a passion for beautiful, healthy skin, we invite you to seek the skin care services of L’Amour Skin and Waxing Studio. We have many skin care treatments available to help you achieve your specific goals. From simple facial waxing to full-body contouring, we'll bring out the beauty in you. Call today to schedule your appointment for skin care and waxing services with a licensed esthetician in Yakima, Washington.

  • Members Financial Services
  • Finance and Insurance
  • -
  • -
  • -
  • -
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • -

At Premier, we pride ourselves on being different from most fitness facilities. Our devotion to the Pilates Method expands across all of our class offerings. Spine and back safety is at the center of everything we do. Individualized/personal instruction helps guide our student to safe and effective movement, along with attention towards reaching whatever personal goals our students might have. Our students are not expected to show up and know what to do! They are guided through every session by highly trained instructors with years of experience working with all body types. In the words of Joseph Pilates, “In 10 sessions, you feel better, 20 sessions you look better, 30 sessions you have a completely new body.”

  • Pudgy's Tea & Spice
  • Retailer
  • -
  • -
  • -
  • -
  • Services
  • -
  • -
  • -
  • -

Siren Design was first inspired as a safe place for women who wanted options after surviving breast cancer. It was first developed to be able to help with scar tissue and tattoo covers including areola replication. We wanted to provide a safe place for women who would want these services, but whom may not feel comfortable approaching traditional tattoo parlors. Since it's inception, we have broadened our services to include help for people who have self harm scars, surgical scars, radiation 'creap' skin, pigmentation issues, people who want permanent makeup, microblading, scalp micropigmentation (hair follicle simulation), stretch mark camouflage, faux freckles,and non-laser tattoo removal. We make it a priority to learn continuously to provide the most cutting edge services and stay ahead of trends. At Siren Design, we make inquiries from the creators of the science that pushes this industry forward to bring knowledge from around the globe to offer the best services possible.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Family friendly, neighborhood bar with a wide variety menu. This bar features 16 taps, a huge game room and the longest shuffle boards in town!

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Zesta Cucina is a gathering place for friends & family where sophisticated food is served up in a comfortable and contemporary atmosphere. Our diverse menu is designed to satisfy a variety of palates, while our wine list showcases the best of Eastern Washington. Zesta Cucina also features private dining rooms for banquet events

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Apple Box Accounting Llc Professional, Scientific, and Technical Services - - - -
Wholesaler - - Modified Gross Jun 2021
Horizon Research Professional, Scientific, and Technical Services - - - -
Educational Services - - - -
Members Financial Services Finance and Insurance - - - -
Arts, Entertainment, and Recreation - - - -
Pudgy's Tea & Spice Retailer - - - -
Services - - - -
Accommodation and Food Services - - - -
Accommodation and Food Services - - - -
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Columbia Bank
Banner Bank
U.S. Bank
Anytime Fitness
Starbucks
Safeway
Grocery Outlet
IGA
WaFd Bank
Bank of America

Property Taxes

Property Taxes

Parcel Number
181328-12403
Land Assessment
$627,100
Improvements Assessment
$3,361,700
Total Assessment
$3,988,800
  • Listing ID: 40108762

  • Date on Market: 4/10/2026

  • Last Updated:

  • Address: 5110 Tieton Dr, Yakima, WA 98908

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