What is the asking price for Net Leased Investment Offering?

The lease rate for space here is $790,568.

What type of property tenancy can you find at Net Leased Investment Offering?

This property is listed as Multi-Tenant.

What is the total size of Net Leased Investment Offering?

The property has a total square footage of 6,134 SF.

When was this property built?

Net Leased Investment Offering was built in 1965.

How many parking spaces are available at Net Leased Investment Offering?

Parking information for the property isn't currently listed. However, other nearby parking options include Lot P, located 0.77 miles away , and Lot E, which is 0.86 miles away.

811 W Yakima Ave, Yakima, WA 98902

For Sale $790,568
Property Type Retail - Street Retail
Property Size 6,134 SF
Lot Size 0.33 Acre
Property Tenancy Multi-Tenant
Year Built 1965
Date Updated Oct 23, 2026

Description

THIS OFFERING is for the opportunity to purchase a fully occupied net leased multi-tenant investment property consisting of a pair of retail/office suites on the main level and a pair of office/medical suites on the lower level. This highly recognizable building is located on downtown Yakima’s primary commercial arterial with access from two arterials and visibility from three. It’s anchored by The Haberdasher, an established high-end men’s clothing boutique that’s been in the building since 2001 and recently extended their lease to have more than 10 years remaining. Leases are signed at or below market with an average rental rate of approximately $10.82/SF, NNN, which results in a below market sale price at only approximately $129/SF that in turn provides for future upside and immediate downside protection, making this a safe, attractive investment offering.

Highlights

All leases have 2%/year escalations.
Highly recognizable and prominent building on downtown Yakima’s primary commercial arterial with more than 16,700 vehicles passing by.
Minimal landlord responsibilities within the leases that include structural repairs and replacement of the roof, HVAC and parking lot.
Primary lease in the building to Steve Goodwin the Haberdasher has more than 10 years of term remaining and has been in the building since 2001.
Rare opportunity to acquire an investment grade offering where the capitalization rate does not manipulate the sale price above market.
The property includes plentiful parking that exceeds municipal requirements.