Property Details

31485 Hwy 20

Oak Harbor, WA 98277

$1,566,000

Available

CBA# 696236 courtesy of CBA Listing firm: Kidder Mathews

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I’d like more information about 31485 Hwy 20, Oak Harbor, MLS# 696236

Office / Retail

Property Type

50,000

Bldg Sq Ft

2024

Year Built

Property Overview

Newly constructed Cedar & Salt Coffee drive-thru, 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.