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The subject investment opportunity is Shopko located at 5801 Summit View Avenue, Yakima, Washington. Built in 1988, this Shopko retail store is comprised of 94,237 square feet of building space and sits on approximately 8.45 acres of land. This location also benefits from a rent/SF that is well-below market, providing investors with additional income stability in the future. The Yakima, Washington Shopko has roughly 15 years remaining on a true triple net lease that was entered into June 1, 2006. The current rent is $725,000 and rent is scheduled to increase on June 1, 2017 by the lesser of six percent and 1.25x the change in CPI over the previous three years. Rent will follow this escalation structure every three years after the next rental increase. Additionally, there are two, ten-year tenant renewal options.
Site has operating Burger King with five years left on current 20 year lease with two 5 year options. Current rent rate is $8500/mo. NNN Great investment opportunity, long term Burger king Restaurant with children's playland in great location. Seller leaseback by long term Burger King franchisee with 22 stores. Call for details.
$550,000Size Upon Req.
Former Cloverleaf Building
Bank owned - make an offer! Recently foreclosed upon, this property includes a freestanding former bar/restaurant with approximately 8,096SF constructed in 2006 and a detached laundromat with approximately 2,625SF constructed in 1996. The main structure was remodeled and added onto in 2006 (including fire suppression system) and operated as Susie's Bistro. Recently fee appraised at $1,050,000. Seller has very little knowledge of the property's condition, features or amenities and is selling it 'as-is,' therefore Buyer to waive their right to a Seller's Disclosure Statement. Restaurant/kitchen equipment and most FFE have been removed from the main structure. Some FFE remains with the Laundromat and is potentially available upon terms to be negotiated. Seller is motivated to close before year end, so make an offer. Contact listing agent for keys or for further information.
Vibrant, visible & very smart. This 4900 square foot vacant space in the heart of downtown Yakima is an incredible opportunity. Rustic beams & interesting historic details make this space creative & unique. Located in an area of successful businesses, lots of foot traffic & on-street parking. Easy to configure into a space that meets your business needs, the high beam ceilings, concrete floors & excellent wall of exterior windows provide an ideal starting point for your next venture.
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Former Schultz furniture building can now be purchased, but due to reprieve from a tax related (internal) change of ownership structure, the sale must close during the 2013 calendar year. 30,295SF in the back of the building is leased with approximately 4-years remaining to HMA hospital at $122,364/year ($10,197/month). Owners will consider sale on contract. Contact listing broker for additional information.
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Incredible opportunity for a successful commercial business in West Valley. Excellent location near Apple Tree Resort & new home developments. This commercial building is ready for your entrepreneurial idea, w/over 2,000 Sq. ft. of finished space & 3 PHASE POWER it is ready for business. Easy access off of busy Ahtanum road, lots of parking space & room for additional buildings if you choose. Large enough area to turn around trucks & large vehiclesadditional buildings if you choose. Large enough area to turn around trucks & large vehicles. The enclosed front area has two large roll up doors, concrete floors & loads of windows, could be a great fruit stand or retail area. Additional 2 more large spaces w/ tons of power, nice overhead lighting & includes a bathroom & kitchen too. Previously used as a butcher/meat shop, large cooler & sink prep equipment is available for purchase outside of building if buyer is interested. Three very successful business have been run from this great commercial building, yours could be next.