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Virtual Drive-By

Harbor Freight NNN

1911 S 1st Street · Yakima, WA 98903 · Specialty Retail

Asking price
$4,000,000
Cap rate
5.69%
NOI
$227,490

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Lease

Lease typeNNN
Term remaining—
Expiration09/2030
Rent bumpsYes
Options—
Ground leaseNo
Credit profile—
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF15,166
Price / SF$277
Year built2015
Lot size1.79 ac
TypeStorefront
Days on market37

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​This Harbor Freight location ranks in the top 8% of stores nationwide, highlighting its exceptional sales performance and customer demand. The store is also ranked #4 in the state of Washington and #1 in Eastern Washington.
  • ​The tenant recently extended its lease through 2030, demonstrating a long-term commitment to the property and market. Investors also benefit from five additional five-year renewal options, providing the potential for extended income security.
  • ​Strategically positioned within a well-established retail corridor, the property benefits from strong visibility and consistent consumer traffic. Nearby retailers, including Goodwill, Dollar Tree, and numerous national brands.
  • ​The property is leased on a triple-net (NNN) basis, significantly reducing landlord responsibilities and operating expense exposure. This structure provides investors with a predictable and passive income stream backed by an established national retailer.

Property overview

Marcus & Millichap has been exclusively chosen to market Harbor Freight, an exceptional net-leased investment opportunity featuring a 15,166-square-foot building situated on a 1.79-acre parcel in the heart of Yakima, Washington.​ Constructed in 2015, the property is secured by a triple-net (NNN) lease structure that minimizes landlord responsibilities and provides stable, passive income.​ The lease was recently extended through 2030 and includes five additional five-year extension options, demonstrating the tenant's long-term commitment to the location.​ Harbor Freight, America's leading tool retailer serving more than 75 million customers nationwide, operates one of its strongest-performing stores at this site, ranking in the top 8% nationally, #4 in the state of Washington, and #1 in Eastern Washington.​ Strategically positioned within a high-traffic retail corridor, the property benefits from strong consumer draw and complementary co-tenancy, including shadow anchors Goodwill and Dollar Tree, along with numerous national and regional retailers nearby.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.