Starbucks | 903 Douglas Munroe Blvd
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Starbucks 903 Douglas Munroe Blvd
2,162 SF 4-Star Retail Building Cle Elum, WA 98922 $2,933,000 ($1,357/SF) 5.25% Cap Rate
Investment Highlights
- Stable and passive investment opportunity
- Newly signed 10-year lease featuring desirable 10% increases every five years
- Limited competition with Starbucks being one of only two drive-thru coffee chains in the immediate market
- New NNN lease with limited Landlord cost responsibilities
- 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
- Across the street from a high performing Safeway and Fuel Center that ranks in the top 5% of Safeway’s in Washington State
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,162 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$2,933,000
Price Per SF
$1,357
Cap Rate
5.25%
NOI
$154,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.77 AC
Zoning
Entry Commercial
Parking
13 Spaces (6.01 Spaces per 1,000 SF Leased)
Frontage
131 FT on Douglas Munro Boulevard
Amenities
- Drive Thru
Nearby Major Retailers
1 of 5
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Starbucks | 903 Douglas Munroe Blvd
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