For Sale
$1,400,000

115 56Th Ave Yakima, WA 98908

High-yield QSR, NNN lease, strong tenant.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 650-square-foot, free-standing QSR building in Yakima, WA, occupied by a Human Bean franchisee under a Net Lease agreement. Built in 2019, the property boasts a 15.1-year lease (expiring 10/31/2034), with 9.9 years remaining. The lease includes rent bumps in year 11 and three 5-year renewal options, ensuring long-term income stability. The property features 100% occupancy, generating a strong NOI of $86,042 and a 6.15% cap rate. Situated on a 27,691-square-foot lot with LCC zoning at 115 N 56th Ave, Yakima, WA 98908, this location benefits from high visibility and traffic. The property's modern construction and strong tenant history make it an attractive, low-maintenance investment with significant potential for future growth within the thriving Yakima market. The asking price is $1,400,000. This turnkey retail asset offers a compelling opportunity for investors seeking a stable, high-performing investment with a proven track record.

Highlights

  • NNN lease, profitable Human Bean franchisee for sale.
  • Modern, 650 SF free-standing QSR building built in 2019.
  • LCC zoned lot, high visibility & traffic counts at 115 N 56th Ave, Yakima, WA.
  • Prime retail investment opportunity with strong NOI of $86,042 and a 6.15% cap rate.

Property Details for 115 56Th Ave

Property type
Retail properties
Square Feet
650 SF
Year Built
2019
Buildings
1
Stories
1
Units
1

Location Insight

City
Yakima
County
Yakima
State
Washington
Latitude
46.599646402752
Longitude
-120.58320812488

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FAQs

What type of property is this?
Retail property - High-yield QSR, NNN lease, strong tenant.
Where is the retail property located?
The property is located at 115 56Th Ave Yakima, WA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: NNN lease, profitable Human Bean franchisee for sale.; Modern, 650 SF free-standing QSR building built in 2019.; LCC zoned lot, high visibility & traffic counts at 115 N 56th Ave, Yakima, WA.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Matthew Russell
Matthew Russell
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56Th Ave
Yakima, WA 98908

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Yakima, WA 98908

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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115 56Th Ave
  • Matthew Russell
    Matthew Russell
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