WAG #12053 - Yakima, WA

This Walgreens is strategically positioned along W Nob Hill Boulevard, Yakima’s primary west-side retail corridor, serving as the dominant east-west commercial artery for the city. The location benefits from exceptional visibility, direct access, and consistent commuter traffic linking West Yakima’s dense residential neighborhoods with the region’s largest concentration of big-box and grocery retail. In particular, the Walmart to which Walgreens is an out-parcel is one of the best stores in the country. As Placer data (foot traffic) is no longer available for WA pharmacies, this gives us a glimpse at the type of foot traffic this Walgreens sees at this corner. The property is situated within a high-performing retail node anchored by Walmart, Target, Fred Meyer, Home Depot, and a broad mix of national and regional tenants, creating powerful co-tenancy synergy and sustained daily consumer traffic. This established retail cluster functions as the core shopping destination for the Yakima Valley, drawing customers from a wide geographic area and supporting strong year-round demand. The site’s proximity to large residential neighborhoods, healthcare services, hotels, and regional employers positions the asset as a durable investment with stable long-term fundamentals in one of Central Washington’s most proven trade areas.The lease itself has ~8.8 years remaining, is true triple net with a full Walgreens guaranty and the preferred 5 year option structure through 2044 and features ~$3,850,000 in rents remaining in the primary term. The store itself is positioned on one of Yakima’s highest-exposure retail corridors with 20,000+ vehicles per day, rising above 26,000 VPD on adjacent segments and reaching 30,000+ VPD in parts of the Nob Hill retail district. As an added bonus, Washington is a tax-free state. If you are looking for a solid investment, with a long term lease and solid real estate intrinsics, you've found it.