512 W 1st St 22,400 SF Retail Building Wapato, WA 98951 $2,541,637 ($113.47/SF) 8% Cap Rate

THIS OFFERING is for the opportunity to acquire a stabilized retail investment featuring a thriving grocery store
operated by an owner-user willing to do a sale-leaseback at $9.75/SF/Yr. NNN with 2.5% annual escalations. The current lease term would be for ten years and include four consecutive
five-year renewal options, providing investors with the potential for durable, long-term income stability. The tenant is a
well-established regional operator with an investment-grade credit profile and a proven operating history at this
location, as well as ownership and operation of seven additional grocery stores throughout Washington State.
The investment is currently offered at an attractive 7.9% cap rate and includes an additional adjoining tax parcel which
combine for approximately 116,740 square feet. The primary parcel consists of approximately 82,328 square feet and is
zoned B-1 (Neighborhood Business District), while the adjacent parcel is just under one acre at approximately 34,412
square feet and is zoned M-1 (Light Industrial), providing additional flexibility for future use, expansion, or ancillary
development.
Strategically positioned at one of the Lower Yakima Valley’s most prominent and highly trafficked intersections — West
1st Street and U.S. Highway 97 — the property benefits from exceptional visibility, strong daily vehicle counts, and
established retail synergy. Surrounding national and regional tenants include O’Reilly Auto Parts, McDonald’s, DaVita
Dialysis, and the nearby Wolf Den retail hub, reinforcing the location’s role as a dominant neighborhood and
commuter-oriented retail destination that seamlessly ties into the immediate demographic.
We are using a 5% vacancy factor plus a 2% capital replacement reserve to arrive at the marketed NOI which will be reflected in the lease agreement.