WAG #12053 - Yakima, WA

Investment Overview

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.

Investment Highlights

• Top 225 Walmart in the Country Anchors This Walgreens
• ~8.6 Years Remain in Walgreens Guaranteed Rents
• Full Corporate Walgreens Guaranty
• ~$3,850,000 in Rents Remaining in Primary Term
• Destination Retail Corner Draws Traffic From Entire Yakima Valley
• Tax Free State of WA
• Dense Residential Surrounds the Site
• Excellent Demographics
• High Visibility Intersection With Strong National Tenant Anchors