Remodeled Retail Property with
501 West Lincoln Avenue Yakima, WA 98902
For Sale
$2,400,000
Commercial retail property with long-term tenant, remodeled in 2023.
Property Size9,384 SF
Price / SF$255.75
Days on Market123
Property Features for 501 West Lincoln Avenue
General Information
- Standard status
- Active
- Size
- 9,384 SF
- Property subtype
- Retail
Listing Agency:
CBRE | Salt Lake City
(801) 869-8038
Listed By:
Brian Anderson · License #9845646-SA00
(801) 869-8038
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 24 at 6:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Salt Lake City
Investment Insights
Based on property information with market context.
This commercial retail property at 501 West Lincoln Avenue in Yakima, Washington, presents a unique ownership opportunity. Constructed in 1996, the approximately 9,384 square-foot building has been newly remodeled, with the remodel scheduled for completion in November 2023. A new roof has been installed and is warrantied for 10 years. The current tenant is Dollar Tree Stores, Inc. The Greater Yakima metro area features a landscape of gentle slopes and rich silt-loamy soils within a river basin. The area is surrounded by numerous recreation areas including Mount Rainier National Park, the Mount Adams, Goat Rocks and William O. Douglas wilderness areas, the Wenatchee National Forest, Yakima Scenic River, and the Oak Creek. The Yakima metro area and surrounding Yakima Valley hosts an arid semi-dry climate conducive to dry summers and cool winters with light snow fall. The south-central Washington city of Yakima is a growing area with a plethora of amenities and opportunities.
Key Highlights
- Long‑term tenant: Dollar Tree Stores, Inc.
- Newly remodeled space completed November 2023
- New 10‑year roof warranty
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.9k | $15.12 |
| − Vacancy | −$6.0k | −$0.64 |
| EGI | $135.9k | $14.48 |
| − OpEx | −$40.8k | −$4.35 |
| NOI | $95.1k | $10.14 |
9,384 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,149 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,397 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dollar Tree
Discount Store
Dollar Stretcher
Discount Store
Similar Off Market Nearby
- Fleurr — 302 S 1st St, Yakima, WA 98901
- Floral Expressions — 1001 w yakima ave suite 321, yakima, wa 98902
- Floreria La Orquidea — 510 S 1st St, Yakima, WA 98901
FAQs
What type of property is this?
Storefront property - Commercial retail property with long-term tenant, remodeled in 2023.
Where is this storefront property located?
The property is located at 501 West Lincoln Avenue Yakima, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Long‑term tenant: Dollar Tree Stores, Inc.; Newly remodeled space completed November 2023; New 10‑year roof warranty
