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$2,541,637

For Sale

A month ago

512 W 1St St, Wapato, WA

House

MLS® 26-658

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $8,602
Days Active 29
Lot Size 
Approx. Age 1976
MLS® Number 26-658

Property Address: 512 W 1st St, Wapato, WA, 98951-1106

Average square foot calculated using Size range provided by listing agent.

Description

THIS OFFERING presents 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 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 offered at an attractive 7.9% cap rate and includes an additional adjoining tax parcel combining 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 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.With its combination of long-term contractual income, strong tenant credit, high-exposure location, and additional land component offering future upside, this asset represents a compelling opportunity for investors seeking secure cash flow with long-term growth potential and rental escalations.
MLS® Number26-658
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1976
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 13, 2026List Date
$2,541,637List Price
  • Commute

Commute

Starting Address
Destination Address
512 W 1St St, Wapato, WA

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