5110 Tieton Dr - Retail FOR SALE


Yakima, WA 98908
$4,000,000 USD
206-747-4338
5110 Tieton Dr, Yakima, WA for Sale
$4,000,000 USD
Retail - FOR SALE
1/14
null | 8.72% Cap Rate

5110 Tieton Dr
Yakima, WA 98908


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

8.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glenwood Square

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

2.32 AC

LAND SF

101,059 SF

ZONING

M1

APN/PARCEL ID

181328-12403

ASK ABOUT THIS PROPERTY

David GellnerKidder MathewsMore Info
206-747-4338

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David GellnerKidder MathewsMore Info
206-747-4338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.