5801 Summitview Ave
Yakima, WA 98908
Shopko Yakima · Retail Property For Sale

MAJOR CAPITAL IMPROVEMENTS The tenant has performed several capital improvement projects at its own cost, including a new roof in 2010, new exterior paint and HVAC in 2011, and interior renovations in 2013. Overall, a total of $783,723 has been spent by the tenant over the past 7 years, which shows a long-term commitment to this location and strong financial performance by the tenant. OVERSIZED LOT, AMPLE PARKING, AND POTENTIAL PAD DEVELOPMENT With approximately 440 parking spaces, the property boasts a parking ratio of 4.66:1, well above the market standard of 3.0:1 to 4.0:1 for other Shopko properties. The site size of 8.86 acres is also well above market standards and allows for potential redevelopment opportunities as an exit strategy at lease expiration. Given the size and configuration of the site, an additional pad building could potentially be developed in the existing parking area. EXCELLENT VISIBILITY AND INGRESS & EGRESS The building is configured to maximize exposure along the arterial, Summitview Avenue. There are three 2-way ingress points which provide for ease of traffic flow to and from the shopping center. ADDITIONAL OUTPAD OPPORTUNITIES The existing parcel is sized at 8.86 acres, which could allow for additional pad building(s) to be constructed along Summitview Avenue. The current parking ratio is above market standards and could be reduced to make way for additional development without disrupting the existing Shopko operations.