Multi-Tenant Retail    

Sunnyside Shopping Center

 Sunnyside, WA

Asking Price

$9,180,000

Cap Rate

7.10%

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Year Built / Renovated

1993 / 2023

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Low Price per SF

$99 / SF

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Traffic Count

40,000 VPD

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Square Feet

±93,000 SF

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Cash-on-Cash:  Over 200 basis points of spread between cap rate and assumable financing provides above-market pre-taxed returns of 8.91%.
  • Assumable Financing: The property comes with assumable financing at an attractive interest rate of 4.99% and a loan-to-value ratio of 73%.
  • Attractive Price per Square Foot: The property is priced well below replacement cost at $99 per square foot and strategically located in extremely low vacancy sub-market of below 3%.
  • 96% Occupied: The center is well-occupied by a strong mix of national tenants, including Grocery Outlet, Tractor Supply Company, and Planet Fitness, ranked #11 in the state for number of visits and #2 in visits per square foot.
  • Grocery Outlet: Grocery Outlet is a Fortune 500 company and a top-performing store in Washington.
  • Tractor Supply Company: Tractor Supply Company is a Fortune 500 company and benefits from being the only store location between the Tri-Cities and Yakima MSAs. This location is reported to be one of the top performing locations in the state.
  • Low Anchor Rents: The anchor rents are below market at $9.90/SF for Grocery Outlet, $5.51/SF for Tractor Supply Company, and $7.88/SF for Planet Fitness, providing for long term stability for future ownership.
  • Walmart Supercenter Across Street: The Property is directly across the street from a Walmart Supercenter, which provides additional traffic and visibility.

Exclusively Listed By

Sean Tufts

Managing Director
  seantufts@northmarq.com      206.693.3352
WA Lic. #74057

Kevin Adatto

Managing Director
  kadatto@northmarq.com      503.675.7726
WA Lic. #21038208

Joe Dugoni

Associate
  jdugoni@northmarq.com      206.693.3329
WA Lic. #21001346

Northmarq

130 Nickerson St, Suite 200
Seattle, WA 98109


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