Retail    

Starbucks

 Ephrata, WA

Asking Price

$2,040,000

Cap Rate

5.25%

Icons_YrBuilt-Hammer-Icon

Year Built

AUG 2022

Icons_BuildSize-SqFt-Icon

Land Area

24,510 SF

Time-Remaining-Icon

Term Remaining

9.5± Yr Lease

Icons_Lease-Icon

Lease Type

NNN

Rent Increase

Rent Increase

10% Per 5 Yrs

For more details on this exclusive listing

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

INVESTMENT HIGHLIGHTS

  • Brand-new, build-to-suit construction with a grand opening in August 2022
  • 10-year NNN lease with 10% rent increase every five years,  including at the start of each five-year option period, of which four remain
  • Credit tenant with an investment-grade rating of BBB+ (S&P) with over 35,700 locations globally
  • The site is the only national coffee brand with a drive-thru in the city
  • Highly-exposed location with frontage on Hwy 28, benefiting from destination and commuter traffic as Hwy 28 runs over 100 miles through the central region of Washington state

Exclusively Listed By

Northmarq

4260 Galewood St. Suite A
Lake Oswego, OR 97035

 

northmarq.com