Map of Property

Les Schwab Ground Lease Offering

6905 W Nob Hill Blvd, Yakima, WA 98908

  • For Sale $1,990,500
  • Property Type Retail - Street Retail
  • Property Size 9,544 SF
  • Lot Size 1.48 Acre
  • Property Tenancy Single Tenant
  • Year Built 2025
  • Date Updated May 1, 2025
THIS OFFERING is for the opportunity to acquire an absolute net ground lease to Les Schwab with a corporate guarantee and 19+ years remaining being marketed at what is currently the highest offered capitalization rate of any Les Schwab ground lease on the market anywhere in the country. Located in a rapidly expanding submarket area of high demand, the property has significant frontage along a major commercial arterial opposite retailers such as Walmart, Walgreens, Panda Express, Sherwin Williams and others, while a newer 426-unit apartment complex is within the same development and a golf course adjacent to the same development is undergoing a massive repurposing. The rent is significantly below market in comparison to adjacent ground leases to prominent national QSR’s and a large car wash operator currently being negotiated adjacent to the site. Les Schwab is the 4th largest independent tire dealer in the country and has approximately 526 locations across 15 states with sales above $2B, annually, and $500M in annual earnings.
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Highlights

  • Highest marketed cap rate of any Les Schwab currently on the market anywhere in the country.
  • 20-year corporately guaranteed absolute net ground lease with 19+ years remaining and 4 options to renew of 5 years, each.
  • Below market rent in comparison to other adjacent ground leases with national QSR’s and a car wash currently being negotiated.
  • Rapidly growing submarket area with numerous established retailers nearby, a newer large multi-family project and expanding golf course.
  • 10% rent escalations every 5 years, including during renewal terms.
  • Building reverts to landlord upon lease termination.
  • Les Schwab plans to open in the 2nd quarter of 2025.

Contacts

broker
Bill Almon, Jr.

Almon Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    44/100 Car-Dependent

  • Transit Score ®

    29/100 Some Transit

  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Yakima, WA
  • Neighborhood Yakima
  • Zip Code 98908
  • Market Tri Cities

Points of Interest

  • ChargePoint

    0.22 miles

  • Shell

    0.58 miles

  • Conoco

    0.77 miles

  • ARCO (AMPM)

    1.12 miles

  • Fred Meyer Fuel Center

    2.96 miles

  • Safeway Fuel Station

    2.98 miles

  • Arco

    3.08 miles

  • Electrify America

    5.91 miles

  • FLO

    9.74 miles

  • Parking for Harman Center

    0.94 miles

  • Cowiche Canyon East Trailhead

    2.59 miles

  • Lot B

    3.35 miles

  • Perry Technical Institute Overflow Parking Lot

    3.38 miles

  • Lot C - Visitor Parking

    3.38 miles

  • Visitor Parking

    3.39 miles

  • Lot I

    3.39 miles

  • Lot D - Admin Parking

    3.39 miles

  • Maintenance Parking

    3.40 miles

  • Lot M - Faculty/Staff

    3.43 miles

  • Panda Express

    0.17 miles

  • DQ Grill & Chill

    0.29 miles

  • Domino's

    0.55 miles

  • Captain Crab & Ramen

    0.56 miles

  • Taco Bell

    0.64 miles

  • New York Teriyaki & Burgers

    0.67 miles

  • George's Wok & Grill

    0.68 miles

  • Westside Pizza

    0.73 miles

  • McDonald's

    1.15 miles

  • Zesta Cucina

    1.19 miles

  • Wray's Marketfresh IGA

    0.24 miles

  • Walmart Supercenter

    0.25 miles

  • Rosaurs

    0.63 miles

  • Safeway

    1.20 miles

  • Wilco

    1.25 miles

  • Grocery Outlet

    1.27 miles

  • Fred Meyer

    2.95 miles

  • Bi-Mart

    3.04 miles

  • Big Lots

    5.45 miles

  • Target

    5.47 miles

Frequently Asked Questions

How much does Les Schwab Ground Lease Offering cost?

The space currently listed for sale at Les Schwab Ground Lease Offering asks for $1,990,500.

What is the total square footage of Les Schwab Ground Lease Offering?

Les Schwab Ground Lease Offering totals 9,544 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Bill Almon, Jr.

Almon Commercial Real Estate

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