903 Douglas Munroe Blvd - Fast Food FOR SALE


Cle Elum, WA 98922
$2,933,000 USD
949-724-5500
903 Douglas Munroe Blvd, Cle Elum, WA for Sale
$2,933,000 USD
Fast Food - FOR SALE
1/4
null | 5.25% Cap Rate

903 Douglas Munroe Blvd
Cle Elum, WA 98922


HIGHLIGHTS

  • Stable and passive investment opportunity
  • New NNN lease with limited Landlord cost responsibilities
  • Newly signed 10-year lease featuring desirable 10% increases every five years
  • Excellent freeway on/off-ramp location along the primary route from Seattle to Spokane and Tri-Cities that’s ideal for drive-thru food use
  • Limited competition with Starbucks being one of only two drive-thru coffee chains in the immediate market
  • Across the street from a high performing Safeway and Fuel Center that ranks in the top 5% of Safeway’s in Washington State

OVERVIEW

The Warner Retail Team and First Western Properties are pleased to present a new construction Starbucks on a ±10-year NNN lease. The property is located in Cle Elum at the on/off-ramp of I-90, the primary route from Seattle to Spokane and Tri-Cities, providing a convenient drive-thru stop for passing motorists. The next opportunity for a Starbucks Drive-Thru is 30 minutes away, giving drivers limited options for services. Across the street is a Safeway and Fuel Station that ranks in the Top 5% of Safeways in the State, validating the popularity of the freeway location for drivers. In combination with its ideal location, this internationally recognized brand with investment grade credit provides an investor with strong cash flow security and offers one of only a few highly desirable drive-thru assets in the city.

FOR SALE DETAILS

PRICE

$2,933,000 USD

PRICE/SF

$1,357 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

Entry Commercial

APN/PARCEL ID

963067

ASK ABOUT THIS PROPERTY

El WarnerColliersMore Info
949-724-5500

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

El WarnerColliersMore Info
949-724-5500

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