512 W 1 St St, Wapato, WA

Name: 512 W 1 St St, For Sale in Wapato - eXp Realty
Brand: Almon Commercial-Residential Real Estate
SKU: 26-658
Price: 2541637 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$2,541,637

000

MLS® 26-658

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $8,602

Days Active 4

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

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1976

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

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

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