22022 Meridian East - Fast Food FOR SALE


Graham, WA 98338
$2,090,000 USD
949-903-3399
22022 Meridian East, Graham, WA for Sale
$2,090,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

22022 Meridian East
Graham, WA 98338


HIGHLIGHTS

  • Proven Long Term Absolute NNN Corp. Lease by Dutch Bros (NYSE: BROS) - 11+ Years Left
  • High Profile Signalized Corner - Shadow Anchored by Safeway Grocery/Learning Experience
  • Best in Class Drive thru Only Brand - Fastest Growing Coffee Chain in the Country - 950+ Stores
  • 10% Rent Bumps every 5 Yrs. including all Options - Double Drivethru PAD - Depreciable Asset
  • Rare State of Washington NNN Asset - Path of Growth for Seattle/Tacoma MSA - Affluent Suburb
  • Tax Free State - Surrounded by New Retail (O’Reilly’s/Popeyes/Burger King) - Dense Residential

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to present an excellent opportunity to purchase a Dutch Bros Coffee in Graham, WA. The Absolute NNN corporate guaranteed lease has over 11.3 years remaining in the primary term with three 5-year option periods. The rapidly growing and publicly traded drivethru coffee chain currently operates over 950 locations across 18 states with 160+ locations to be opened in 2025. With 10% rent increases every 5 years and no landlord responsibilities this asset is ideal for an investor seeking long term passive cash flows. Located within the Seattle MSA (Population: 3.5 million), the 858 SF building with double drive-thru’s is positioned along Meridian E which sees over 22,400 VPD. Nearby retailers include Safeway, Walgreens, Ace Hardware, Dollar Tree, AutoZone, O’Reilly Auto Parts, Starbucks, Jack in the Box, Popeyes and Burger King. This is a great opportunity to acquire an absolute triple net leased asset in the Seattle area on a long-term lease with rent increases, zero landlord responsibilities, and strong tenant credit growth potential providing inflation resistant income for years to come.

FOR SALE DETAILS

PRICE

$2,090,000 USD

PRICE/SF

$2,436 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros Coffee - NNN Corp. Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R10

APN/PARCEL ID

901049-0020

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.