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Investment Highlights

  • High Visibility with Onsite Parking
  • Attractive, fully-leased investment opportunity
  • High Vehicles per Day Count
  • Ideal mix of long-standing tenants and new leases, showing attractiveness to tenants

Executive Summary

This fully leased, 2015-built 8-unit retail strip center offers investors stable in-place cash flow with clear upside through improved lease economics and site utilization. Offered at $150.34 PPSF The property totals 8,640 SF on a 1.28-acre parcel with strong frontage and visibility along a primary commercial corridor in Toppenish, WA, providing convenient access for local and regional traffic. The intersection going north and south on SR 97 reports a Annual Average Daily Traffic count (AADT) of approximately 11,000. A major differentiator in this market is the site's substantial on-site parking, supporting higher-traffic users, operational flexibility, and long-term tenant retention. Value-Add / Upside: In addition to current occupancy, the asset presents a compelling opportunity to enhance value over time through lease restructuring, expense allocations/CAM recovery, and rent optimization as leases roll. The property also includes excess land to the rear that may support additional income-generating uses and future development concepts--such as expanded retail/service uses or a convenience-oriented configuration (including potential fuel-related improvements near the existing food-truck area)--subject to buyer verification of zoning, utilities, access, and required approvals. The center is 100% occupied with a diverse tenant mix including an established insurance agency, a pawn shop (3 units), Cricket Wireless, a smoke shop, a nail salon, and a spice & herb retailer. Tenant history ranges from 5 to 26 years, and the property has experienced two lease signings within the past year, supporting both long-standing stability and refreshed lease activity. A long-standing food truck operator also provides supplemental income with reliable payment history. With modern construction, strong visibility, established tenancy, and multiple paths to NOI growth, this property is well-suited for 1031 buyers and value-add retail investors

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $201,320 $23.30
Other Income - -
Vacancy Loss $10,066 $1.17
Effective Gross Income $191,255 $22.14
Taxes $15,372 $1.78
Operating Expenses $28,451 $3.29
Total Expenses $43,823 $5.07
Net Operating Income $147,432 $17.06

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $201,320
Annual Per SF $23.30
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $10,066
Annual Per SF $1.17
Effective Gross Income (CAD)
Annual $191,255
Annual Per SF $22.14
Taxes (CAD)
Annual $15,372
Annual Per SF $1.78
Operating Expenses (CAD)
Annual $28,451
Annual Per SF $3.29
Total Expenses (CAD)
Annual $43,823
Annual Per SF $5.07
Net Operating Income (CAD)
Annual $147,432
Annual Per SF $17.06

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,640 SF
Building Class
C
Year Built
2015
Price
$1,799,284 CAD
Price Per SF
$208.25 CAD
Cap Rate
8.22%
NOI
$147,960 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.30 AC
Zoning
GC
Frontage
215’ on 1st Ave

Amenities

  • Fenced Lot
  • Freeway Visibility
  • Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Information
  • -
  • -
  • -

Cricket offre des forfaits abordables, un excellent service à la clientèle et une tonne d'extras. Le tout sur leur réseau 5G rapide et fiable ! Cricket est un fournisseur de services sans fil qui offre des téléphones mobiles prépayés, des plans de couverture et une gamme d'accessoires. Ils aident les clients à moins stresser et à sourire davantage en offrant une expérience sans fil facile, de haute qualité et abordable.

  • Heitzman Insurance Services
  • Finance and Insurance
  • -
  • -
  • -
  • Melissa's Tacos
  • Accommodation and Food Services
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -

Depuis le jour où Progressive a ouvert ses portes, ils forment une équipe de personnes qui prennent des risques, apprennent et grandissent ensemble, au nom du progrès. Ils viennent au travail chaque jour en regardant tout à travers le prisme de la question « Comment pouvons-nous améliorer les choses ? » Leur nom est synonyme de mouvement avancé et de lutte pour faire mieux. Tout comme ils s'engagent à donner vie à leur nom chaque jour, ils célèbrent leurs employés qui se sont véritablement mis au travail de toutes les façons. Depuis leur fondation en 1937, ils ont toujours ressenti différemment ce qu'ils font et comment ils le font. La vision est de devenir le choix et la destination numéro 1 des consommateurs et des agents en matière d'assurance automobile et autre, et exige une approche avant-gardiste dans tout ce qu'ils font.

  • Topp Gun & Pawn
  • Finance and Insurance
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Information - - -
Heitzman Insurance Services Finance and Insurance - - -
Melissa's Tacos Accommodation and Food Services - - -
Finance and Insurance - - -
Topp Gun & Pawn Finance and Insurance - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100

Nearby Major Retailers

Anytime Fitness
Safeway
Heritage Bank

Property Taxes

Property Taxes

Parcel Number
201004-34017
Land Assessment
$209,085 CAD (2026)
Improvements Assessment
$1,655,507 CAD (2026)
Total Assessment
$1,864,593 CAD (2026)
Annual Taxes
$15,372 CAD ($1.78 CAD/SF)
Tax Year
2025
  • Listing ID: 40713662

  • Date on Market: 2026-03-03

  • Last Updated:

  • Address: 841 W 1st Ave, Toppenish, WA 98948

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