Retail    

Starbucks

 Corvallis, Oregon

Asking Price

$2,080,000

Cap Rate

5.35%

Icons_NNN-Icon

Lease Structure

NNN

Icons_YrBuilt-Hammer-Icon

Interior Renovated

2024

Icons_AvgHHI-Icon

Avg HHI

$94,965

Icons_BuildSize-SqFt-Icon

Square Feet

3,330 SF

drive-thru-NEW-1

Only Drive-Thru

Within 4-Mile Radius

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • Full interior remodel completed in July 2024 at Tenant’s sole cost.  
  • Nearly impossible to get new drive-thrus approved in Corvallis.
  • NNN lease structure with 10% contractual rent increases every five years.
  • The only Starbucks drive-thru in a four-mile radius with strong brand loyalty. 
  • Close proximity to Hewlett Packard’s 2.2M SF campus, the 200-bed Good Samaritan Hospital, Oregon State University (enrollment 28,905), and major area employers.
  • Exposure on hard corner of NW 9th St. and Linden Ave., off Highway 99, the city’s main north-south arterial.
  • More than 400 affordable housing units currently under development or recently approved in the city of Corvallis, worth a combined $133M.  This is the largest number of units to ever be built at the same time. 

Exclusively Listed By

Scott Frank

Senior Vice President
  sbfrank@northmarq.com      503.675.8383
OR Lic. #980400138

Northmarq

4949 Meadows Road, Suite 490
Lake Oswego, OR 97035

northmarq.com