Wapato International Market
Retail | 8.00% CAP | 22,400 SqFt
Marketing description
THIS OFFERING is for the opportunity to acquire a stabilized retail investment featuring a thriving grocery store
operating under a long-term NNN lease. The current lease term extends for ten years and includes 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.
Investment highlights
Stabilized retail investment anchored by a high-performing grocery store tenant
Long-term NNN lease with 10 years of current term remaining with 2.5% annual rent escalations
Four consecutive five-year renewal options providing potential for durable, long-term income
Investment-grade regional grocery operator with a proven operating history at the site
Tenant operates seven additional grocery locations across Washington State, demonstrating operational depth and market presence
Attractive in-place cap rate of approximately 7.9%
Offering includes the adjoining M-1 tax parcel collectively totaling approximately 116,740 square feet
Primary parcel: ±82,328 SF zoned B-1 (Neighborhood Business District)
Additional parcel: ±34,412 SF (just under one acre) zoned M-1 (Light Industrial), providing future expansion, development, or ancillary income potential
Premier location at the signalized intersection of West 1st Street and U.S. Highway 97 in the Lower Yakima Valley
Exceptional visibility and strong daily traffic counts supporting long-term tenant performance
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