800 N Park Ctr - Supermarket FOR SALE


Selah, WA 98942
$5,550,000 USD
206-693-3329
800 N Park Ctr, Selah, WA for Sale
$5,550,000 USD
Supermarket - FOR SALE
1/4
null | 5.75% Cap Rate

800 N Park Ctr
Selah, WA 98942


HIGHLIGHTS

  • 4th most-visited Grocery Outlet in the state and in the 91st percentile nationally, per Placer.AI
  • The Property has operated as a grocery store since its original construction in 1982
  • Two-tenant property occupied by national credit tenants
  • Grocery Outlet is 1 of only 2 grocers within a 3.5-mile radius and the only national brand within 6 miles
  • The Property is located on Hwy-823, the primary arterial connecting Selah to the greater Yakima area
  • Both tenants have 4, 5-year options remaining with scheduled rent increases

OVERVIEW

The Offering provides the Opportunity to acquire a 43,335 SF retail property occupied by two national credit tenants in Grocery Outlet and Tractor Supply . The Grocery Outlet is one of the best-performing locations in the country, ranking in the 91st and 95th percentile for national and statewide visits per Placer.ai, respectively. The Property benefits from limited competition, with only one other grocer/supermarket operating within a 3.5-mile radius, and is the only national grocer within a 6-mile radius. The Property is highly visible from its location on the main highway connecting Selah to the greater Yakima Valley Region. Less than a mile away is Zirkle Fruit, a longtime produce grower/distributor and one of the largest employers in the region. Adjacent to the Property is Carlon Park, a multi-use sports complex that draws youth teams and their families from across the state.

FOR SALE DETAILS

PRICE

$5,550,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Outlet & Tractor Supply

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

4.95 AC

LAND SF

215,622 SF

ZONING

B2

APN/PARCEL ID

181436-21442

ASK ABOUT THIS PROPERTY

Joe DugoniNorthmarqMore Info
206-693-3329

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Joe DugoniNorthmarqMore Info
206-693-3329

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