841 W 1st Ave - Freestanding FOR SALE


Toppenish, WA 98948
$1,500,000 USD
509-504-8808
841 W 1st Ave, Toppenish, WA for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/16
null | 7.1% Cap Rate

841 W 1st Ave
Toppenish, WA 98948


HIGHLIGHTS

  • High Visibility with Onsite Parking
  • High Vehicles per Day Count

OVERVIEW

This fully leased 8-unit retail strip center presents a rare turnkey investment opportunity in the heart of Toppenish. Built in 2015, the 8,640 square foot property sits on a 1.28-acre parcel with prime frontage along one of the city's busiest commercial corridors, offering excellent visibility, strong traffic counts, and immediate highway access that make it highly attractive to local, regional, national franchise tenants seeking dominant positioning within the trade area. The center is 100% occupied with a diverse tenant mix that includes an established insurance agency, a pawn shop occupying three units, Cricket Wireless, a smoke shop, a nail salon, and a spice and herb retailer, with tenant history ranging from 5 to 26 years and two recent lease signings within the past year, providing a blend of long-term stability and refreshed lease terms. Additionally, a long-standing food truck operator generates supplemental income and has a reliable payment history. The property benefits from substantial on-site parking--an uncommon advantage in Toppenish where many retail centers lack adequate parking--providing flexibility for higher-traffic users and long-term tenant retention. While the asset offers stable in-place income, there is clear opportunity to enhance value by improving lease structures, adjusting rents toward market levels, optimizing expense allocations, and strategically increasing net operating income over time. With modern construction, strong frontage, established tenancy, and built-in upside through lease and expense improvements, this retail strip center offers investors both immediate cash flow and the ability to grow NOI and long-term equity through proactive asset management.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,537 SF

ZONING

GC

APN/PARCEL ID

201004-34017

ASK ABOUT THIS PROPERTY

Kevin Rangel UrbinaJohn L Scott YakimaMore Info
509-504-8808

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

Kevin Rangel UrbinaJohn L Scott YakimaMore Info
509-504-8808

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