Grocery Store NNN
512 W 1st St Wapato, WA 98951
For Sale
$2,541,637
Stabilized grocery store sold under a long-term NNN lease with multiple renewal options and an adjoining parcel.
Lot Size2.68 Acres
Days on Market127
Property Features for 512 W 1st St
General Information
Standard status
Active
Lot size
2.68 Acres
Listing Agency:
Almon Commercial-Residential Real Estate
(509) 480-0733
Listed By:
Nicholas R Mayer · License #90998
(509) 480-0733
Source:
Exprealty
Added: Mar 24
Changed: Jul 25
Last Checked: Jul 26 at 3:40PM
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 Almon Commercial-Residential Real Estate
Investment Insights
Based on property information with market context.
This offering presents a stabilized retail investment anchored by a 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. The tenant operates a regional grocery business and has a proven operating history at this location, and ownership/operation of seven additional grocery stores throughout Washington State. The package also includes an adjoining tax parcel in addition to the primary parcel.
The property is located at the prominent, high-traffic intersection of West 1st Street and U.S. Highway 97 in Wapato, Washington. Surrounding and nearby retail activity includes O’Reilly Auto Parts, McDonald’s, DaVita Dialysis, and the nearby Wolf Den retail hub.
The primary parcel is approximately 82,328 square feet and is zoned B-1 (Neighborhood Business District). The adjacent parcel is just under one acre at approximately 34,412 square feet and is zoned M-1 (Light Industrial), providing an added land component for potential future use, expansion, or ancillary development.
The property is located at the prominent, high-traffic intersection of West 1st Street and U.S. Highway 97 in Wapato, Washington. Surrounding and nearby retail activity includes O’Reilly Auto Parts, McDonald’s, DaVita Dialysis, and the nearby Wolf Den retail hub.
The primary parcel is approximately 82,328 square feet and is zoned B-1 (Neighborhood Business District). The adjacent parcel is just under one acre at approximately 34,412 square feet and is zoned M-1 (Light Industrial), providing an added land component for potential future use, expansion, or ancillary development.
Key Highlights
- Stabilized retail investment: grocery store operating under a long‑term NNN lease.
- Lease term is 10 years with four consecutive 5‑year renewal options for long‑term income durability.
- Offered at a 7.9% cap rate and described as a stabilized retail investment under NNN lease.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Washington Harvest — 107 Donald Rd, Wapato, WA 98951
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Stabilized grocery store sold under a long-term NNN lease with multiple renewal options and an adjoining parcel.
Where is this grocery and convenience store located?
The property is located at 512 W 1st St Wapato, WA.
What is the asking price?
The asking price for this property is $2,541,637.
What are key features of this property?
This property features: Stabilized retail investment: grocery store operating under a long‑term NNN lease.; Lease term is 10 years with four consecutive 5‑year renewal options for long‑term income durability.; Offered at a 7.9% cap rate and described as a stabilized retail investment under NNN lease.
