1002 W Rose St - Supermarket FOR SALE


Walla Walla, WA 99362
$6,900,000 USD
503-957-7945
1002 W Rose St, Walla Walla, WA for Sale
$6,900,000 USD
Supermarket - FOR SALE
1/10
null | 5.75% Cap Rate

1002 W Rose St
Walla Walla, WA 99362


HIGHLIGHTS

  • BTS construction by Barclay Group, an established nationwide developer that has completed over $1.2B worth of projects.
  • Leased to US Foods under a NNN structure with minimal landlord responsibilities—offering a highly passive income stream.
  • Contractual 10% rent increases every five years provide steady income escalation, resulting in a projected 55 basis point yield increase by 2030.
  • 1 of over 90 CHEF’STORE locations nationwide, US Foods has partnered with approximately 250,000 foodservice operators and restaurants
  • Situated on one of Walla Walla’s primary commercial corridors near the historic Downtown, major employers, and Whitman College
  • Located in a submarket supported by healthcare, education, and year-round wine tourism, which contributed to over $260M in visitor spending in 2022

OVERVIEW

The Offering presents the opportunity to acquire a NNN-leased US Foods CHEF’STORE in Walla Walla, Washington. The lease is structured to be highly passive with minimal landlord responsibilities and includes contractual 10% rent increases every five years, resulting in a projected 55 basis point yield increase by 2030. The tenant, US Foods, is a nationally recognized foodservice distributor with nearly $37.9 billion in net sales—a 6.4% year-over-year increase—and partnerships with more than 250,000 restaurants and food operators across the country. Centrally located along West Rose Street, one of Walla Walla’s primary commercial corridors, the Property benefits from proximity to both the historic Downtown core and major area employers, including Providence St. Mary Medical Center and Whitman College. This has led to a nearly 7% YoY increase in visitor traffic to the Property, per Placer.ai. The surrounding trade area draws from a growing regional population bolstered by Walla Walla’s reputation as a wine tourism destination—home to over 150 wineries and vineyards, generating consistent year-round visitation. The Walla Walla Valley welcomed over half a million tourists in 2022, leading to over $260M in spending. Combining a recession-resistant tenant, built-in rent growth, and a location supported by healthcare, education, and tourism drivers, this asset presents a compelling long-term investment opportunity in one of Eastern Washington’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US Foods CHEF'STORE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,132 SF

ZONING

C

APN/PARCEL ID

360730542304

ASK ABOUT THIS PROPERTY

Sean MackNorthmarqMore Info
503-957-7945

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Sean MackNorthmarqMore Info
503-957-7945

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