31405 State Route 20 - Fast Food FOR SALE


Oak Harbor, WA 98277
$1,567,000 USD
206-898-9191
31405 State Route 20, Oak Harbor, WA for Sale
$1,567,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

31405 State Route 20
Oak Harbor, WA 98277


HIGHLIGHTS

  • High Traffic Signalized Corner Location at SR 20 and Pioneer Way
  • New Construction adjacent to new Quick Quack Car Wash and Sonic Drive In
  • 15-year Absolute NNN Ground Lease (Improvements revert to owner upon lease termination or expiration)
  • 10% Lease Increases Every 5 Years

OVERVIEW

Newly constructed Cedar & Salt Coffee drive-through, strategically located at the high-traffic corner of Highway 20 and Pioneer Way in Oak Harbor, Washington. The investment is structured as a build-to-suit ground lease, wherein the tenant holds rights to the improvements during the lease term. Upon lease expiration, all improvements revert to the landlord, offering long-term residual value in addition to passive income under the NNN lease structure. The lease includes a 15-year initial term, four 5-year renewal options, and a percentage rent clause, providing long-term upside potential tied to tenant performance.

FOR SALE DETAILS

PRICE

$1,567,000 USD

PRICE/SF

$3,841 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Ground Lease Coffee Drive Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

Community Commercial - C3

APN/PARCEL ID

R13202-180-0060

ASK ABOUT THIS PROPERTY

Erik SwansonKidder MathewsMore Info
206-898-9191

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Erik SwansonKidder MathewsMore Info
206-898-9191

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