Property Details

340 Cleveland Ave SE

Olympia, WA 98501

$1,789,100

Available

CBA# 714835 courtesy of CBA Listing firm: Kidder Mathews

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 340 Cleveland Ave SE, Olympia, MLS# 714835

Office / Retail

Property Type

6,282

Bldg Sq Ft

5.00%

Cap Rate

1971

Year Built

Property Overview

We are pleased to present the opportunity to acquire a net leased Starbucks in Tumwater, WA. This opportunity features extremely strong real estate fundamentals with a drive-thru offering investors a passive investment backed by an investment-grade tenant. The property is offered as a leasehold interest subject to an existing ground lease.-The Property is leased to Starbucks, an investment-grade tenant with an S&P credit rating of BBB+Starbucks is shadow-anchored by Safeway that includes a Safeway Fuel station-The Tumwater Starbucks store features a drive-thru, a format that consistently generates higher average sales volumes-Originally constructed as a bank branch, the building features high-quality construction designed for long-term durability-The Property is offered as a leasehold interest subject to an existing ground lease