Yakima, Washington, is a prime location for investing in shopping centers, with a strong economy driven by agriculture and retail. The city's central location in the Yakima Valley, surrounded by unincorporated suburban areas like West Valley and Terrace Heights, makes it an attractive spot for businesses and residents alike. With a population of around 100,000, Yakima offers a diverse range of amenities, including hospitals, parks, and sports facilities, making it an ideal place to live, work, and shop. The city's downtown area has seen revitalization efforts, promoting local businesses and cultural activities, and is home to institutions like the Yakima Valley Museum, Capitol Theatre, and Seasons Performance Hall. Yakima's proximity to major transportation facilities, including Interstate 82, U.S. Route 12, and U.S. Route 97, as well as the Yakima Air Terminal-McAllister Field, makes it easily accessible for both residents and visitors.
With 1 shopping centers for sale in Yakima, investors have a range of options to choose from. These shopping centers offer a unique opportunity to tap into the local economy, which is driven by major employers like Whirlpool Corporation, Adaptis, and the Yakima Training Center. In addition to shopping centers, Yakima also offers a range of other property types, including restaurants, specialty properties, land, and office properties. For example, the city's agricultural industry is supported by a range of restaurants serving local produce, while its wine country is home to numerous specialty properties like wineries and tasting rooms. Land is also available for development, and office properties are in high demand, particularly in the downtown area. With its strong economy, diverse range of amenities, and accessible location, Yakima is an attractive destination for businesses and investors alike.
What is the average cap rate for shopping centers in Yakima?
For investors seeking shopping centers in Yakima, the average cap rate is 4.9%, providing a promising opportunity to generate returns in this agricultural hub.
