Union Gap Goodwill

Highlights

• NNN Lease with Goodwill covering all expenses including a 5% management fee.
• Mission-Driven Tenant: Features a Work Source hub (also known as a Work Opportunity Center), providing job training and job placement services to the community.
• Long-Term Commitment: Goodwill has operate in the building since 2015 and recently extended their lease through August 31, 2028.
• Modern Construction: Built in 2015 as a build-to-suit for Goodwill, ensuring high-quality design and functionality.
• Complementary Tenant Mix: Adjacent to nationally recognized tenants such as Dollar Tree, Boot Barn, Harbor Freight Tools, Discount Tire, MOD Pizza, and Five Guys.
• High-Traffic Retail Corridor: Positioned in a well-established retail area that attracts consistent consumer activity.
• Stable Income Stream: Goodwill’s strong financial reputation ensures reliability as a tenant.
• Attractive Investment Opportunity: Combines a mission-driven tenant, a prime retail location, and modern construction for a compelling investment case.

Description

This investment opportunity features a 16,048 SF single-tenant building occupied by Goodwill, situated on a 1.43-acre lot within the vibrant Tahoma Square development in Yakima, WA (Goodwill refers to this site as their Union Gap store). Constructed in 2015 as a build-to-suit, the building was specifically designed to meet Goodwill’s operational needs. This location is particularly significant as it houses Goodwill’s Work Source hub (also known as a Work Opportunity Center - one of three in their expansive region), a vital resource for delivering their mission of providing job training and job placement services to the local community. Demonstrating their commitment to the location, Goodwill recently signed a lease extension through August 31, 2028, providing investors with a stable income stream. However, the lease includes no further renewal options, offering the ability to increase the rents to market values in 2028.

The property is part of the thriving Tahoma Square retail complex, which features a diverse mix of national tenants, including Dollar Tree, Boot Barn, Harbor Freight Tools, Discount Tire, MOD Pizza, and Five Guys, driving consistent consumer traffic to the area. This modern standalone building offers exclusive branding and visibility for Goodwill in a high-traffic retail corridor, making it an attractive opportunity for investors seeking a reliable tenant in a well-located, high-performing retail environment.