Grocery Outlet & Tractor Supply | 800 N Park Ctr
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Grocery Outlet & Tractor Supply 800 N Park Ctr
43,335 SF 100% Leased Retail Building Selah, WA 98942 $7,972,298 CAD ($184 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 4th most-visited Grocery Outlet in the state and in the 91st percentile nationally, per Placer.AI
- Two-tenant property occupied by national credit tenants
- The Property is located on Hwy-823, the primary arterial connecting Selah to the greater Yakima area
- The Property has operated as a grocery store since its original construction in 1982
- Grocery Outlet is 1 of only 2 grocers within a 3.5-mile radius and the only national brand within 6 miles
- Both tenants have 4, 5-year options remaining with scheduled rent increases
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
43,335 SF
Building Class
C
Year Built/Renovated
1982/2019
Price
$7,972,298 CAD
Price Per SF
$184 CAD
Cap Rate
5.75%
NOI
$458,407 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
4.95 AC
Zoning
B2
Parking
120 Spaces (2.77 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 181436-21442 | Improvements Assessment | $5,863,445 CAD |
| Land Assessment | $1,393,787 CAD | Total Assessment | $7,257,233 CAD |
PROPERTY TAXES
Parcel Number
181436-21442
Land Assessment
$1,393,787 CAD
Improvements Assessment
$5,863,445 CAD
Total Assessment
$7,257,233 CAD
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Grocery Outlet & Tractor Supply | 800 N Park Ctr
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