2416 Nob Hl Blvd Yakima, WA 98902-5103
Property profile & analytics
2416 Nob Hl Blvd Yakima, WA 98902-5103
- Turn key restaurants
- 2,328 SF
- 0.63 lot acres
Property ID
US90-2212350
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chipotle Mexican Grill / Take-out & Catering / Catering Service
Property Details for 2416 Nob Hl Blvd
- Construction
- WOOD
- Lot size
- 0.63 lot acres
- Property size
- 2,328 SF
- Zone code
- LCC
- Property type
- Turn key restaurants
- APN
- 181326-31497
- APU
- 18132631497
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,325-square-foot, build-to-suit Chipotle restaurant featuring a Chipotlane drive-thru. Located in Yakima, WA's Rainier Square Shopping Center, this property boasts a prime location at the hard corner of W Nob Hill Blvd and 24th Ave, experiencing over 30,000 vehicles per day. Constructed in 2022, the single-story building sits on a 47,443-square-foot lot with ample parking (20 spaces). The property benefits from a triple-net (NNN) lease with a highly creditworthy tenant, Chipotle Mexican Grill (NYSE: CMG), a publicly traded company with over 3,400 US locations. The lease includes a 10% rent increase every five years, providing significant long-term growth potential. The surrounding Rainier Square Center includes other strong national and regional retailers, including Red Robin, Home2 Suites, and Tru by Hilton, further enhancing the property's value and consistent traffic flow. This is a rare opportunity to acquire a high-performing, passively managed asset with a strong tenant and significant upside potential. The asking price is $2,490,000, representing a 4.65% cap rate. The property's APN is 18132631497.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,200,000
- ML approach
- $2,200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,689,000
Market price range: $295k - $1.69M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Yakima
- County
- Yakima
- State
- Washington
- Longitude
- -120.541
- Latitude
- 46.5845
- CBSA code
- 49420
- CBSA name
- YAKIMA, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$16,434
$444,550
$1,489,300
$1,933,850
-
$444,550
$1,489,300
$1,933,850
