1. Washington
2. Yakima
3. W 6905 Nob Hill Blvd

W 6905 Nob Hill Blvd, Yakima, WA 98908

Property Description

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 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.

Listing Status:

Pending

Listing Office:

Almon Commercial-Residential Real Estate : (509) 966-3800

Listing Agent:

Bill Almon, Jr : (509) 966-3800

MLS ID:

25-1159

Lot

This listing courtesy of Bill Almon, Jr, Almon Commercial-Residential Real Estate