$1,400,000
Toppenish, WA 98948
MLS# 26-442
8640 sqft

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Property Description
This fully leased 8-unit retail strip center presents a rare turnkey investment opportunity in the heart of Toppenish. Built in 2015, the 8,640 square foot property sits on a 1.28-acre parcel with prime frontage along one of the city's busiest commercial corridors, offering excellent visibility, strong traffic counts, and immediate highway access that make it highly attractive to national, regional, and franchise tenants seeking dominant positioning within the trade area. The center is 100% occupied with a diverse tenant mix that includes an established insurance agency, a pawn shop occupying three units, Cricket Wireless, a smoke shop, a nail salon, and a spice and herb retailer, with tenant history ranging from 5 to 26 years and two recent lease signings within the past year, providing a blend of long-term stability and refreshed lease terms. Additionally, a long-standing food truck operator generates supplemental income and has a reliable payment history. The property benefits from substantial on-site parking--an uncommon advantage in Toppenish where many retail centers lack adequate parking--providing flexibility for higher-traffic users and long-term tenant retention. While the asset offers stable in-place income, there is clear opportunity to enhance value by improving lease structures, adjusting rents toward market levels, optimizing expense allocations, and strategically increasing net operating income over time. With modern construction, strong frontage, established tenancy, and built-in upside through lease and expense improvements, this retail strip center offers investors both immediate cash flow and the ability to grow NOI and long-term equity through proactive asset management.
Details
Maps
Documents
Contract Information
List Pr Description: Total List Price
Seller Disclosure: Yes
Current Price: $1,400,000
MLS Service Begin Date: 2026-02-24
Status: Active
List Price: $1,400,000
Sub Type: Commercial Property
General Property Description
Lot Front Ft Approx: 0
Lot Depth Ft Approx: 0
Total Approx Lot SF: 0
Acreage M/L: 1.28
List Price Per SqFt: 162.04
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Retail
Year Built: 2015
Total Apx SF: 8640
Location, Tax & Legal
Taxes: 11098.15
Tax Year: 2026
Spec Tax Designation: None
Parcel Number: 201004-34017
Sellers Title Ins Co: Pacific Alliance
Area (with SubArea): 13K - Toppenish
House Number: 841
Street Dir: W
Street Name: 1st
Street Suffix: Ave
State/Province: WA
Zip Code: 98948
Remarks & Misc
Public Remarks: This fully leased 8-unit retail strip center presents a rare turnkey investment opportunity in the heart of Toppenish. Built in 2015, the 8,640 square foot property sits on a 1.28-acre parcel with prime frontage along one of the city's busiest commercial corridors, offering excellent visibility, strong traffic counts, and immediate highway access that make it highly attractive to national, regional, and franchise tenants seeking dominant positioning within the trade area. The center is 100% occupied with a diverse tenant mix that includes an established insurance agency, a pawn shop occupying three units, Cricket Wireless, a smoke shop, a nail salon, and a spice and herb retailer, with tenant history ranging from 5 to 26 years and two recent lease signings within the past year, providing a blend of long-term stability and refreshed lease terms. Additionally, a long-standing food truck operator generates supplemental income and has a reliable payment history. The property benefits from substantial on-site parking--an uncommon advantage in Toppenish where many retail centers lack adequate parking--providing flexibility for higher-traffic users and long-term tenant retention. While the asset offers stable in-place income, there is clear opportunity to enhance value by improving lease structures, adjusting rents toward market levels, optimizing expense allocations, and strategically increasing net operating income over time. With modern construction, strong frontage, established tenancy, and built-in upside through lease and expense improvements, this retail strip center offers investors both immediate cash flow and the ability to grow NOI and long-term equity through proactive asset management.
Directions: Located just off highway 97
Basement
Crawl Space: 1
Crops
None: 1
Property Information
TotGrossLease Rt/Mo: 12112
Cap Rate %: 7.63%
Operating Expenses: 38905.35
Domestic Water
Public Water: 1
Who Pays Costs
Maint Roof: L
Maint Grounds: L
Maint Interior: T
RE Tax: L
Real Prop Ins: L
Common Area: L
Air Conditioning
Central Air: 1
Lot Size
1+ - 5.0 Acres: 1
Accessibility
Doors 32in+: 1
Foundation
Concrete: 1
Heat
Electric: 1
Forced Air: 1
Sewage System
Connected: 1
Construction Style
Frame: 1
Zoning
C - Commercial: 1
Roof
Composition: 1
Lockbox
Agent Remarks: 1
Lot Features
Fenced Back: 1
Fenced - Part: 1
Level: 1
Paved Road: 1
Floor Coverings
Vinyl: 1
Siding
Stucco: 1
Sq Ft Source
County Assessor: 1
Terms
Cash: 1
Conventional: 1
Commercial: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Status Change Info
Status Change Date: 2026-02-24
Property Features
Accessibility: Doors 32in+
Air Conditioning: Central Air
Basement: Crawl Space
Construction Style: Frame
Crops: None
Domestic Water: Public Water
Floor Coverings: Vinyl
Foundation: Concrete
Heat: Electric; Forced Air
Lockbox: Agent Remarks
Lot Features: Fenced - Part; Fenced Back; Level; Paved Road
Lot Size: 1+ - 5.0 Acres
Roof: Composition
Sewage System: Connected
Siding: Stucco
Sq Ft Source: County Assessor
Terms: Cash; Conventional; Commercial
Possession: Close Of Escrow; Subject To Tenant Rights
Zoning: C - Commercial
Listing Office: John L Scott Yakima
Last Updated: April - 20 - 2026
Property profiling information contained herein is believed to be accurate, but may contain approximations or estimates where appropriate. The information contained herein is not guaranteed. This information is provided for the sole use and benefit of those authorized to access Yakima Association of Realtors® ('YAR') Multiple Listing Service ('MLS') information, and may not be reproducerepresened to third parties as information produced, warranted, or represented by YAR or MLS to be guaranteed.
Plat Map