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.