Starbucks NNN Property For Sale — Centralia, WA
1100 Harrison Ave, Centralia, WA 98351
This offering presents an exceptional investment opportunity in a corporate Starbucks with drive-thru, a tenant boasting a BBB+ credit rating. The property is strategically located in Centralia, WA, midway between Seattle and Portland, ensuring high visibility and consistent customer traffic. Neighboring establishments include a Safeway, the Centralia Factory Outlets, and various other retail and office tenants, contributing to a vibrant commercial ecosystem. This property is ideal for investors seeking a stable, long-term asset with a strong tenant in a thriving market.
- Address: 1100 Harrison Ave, Centralia, WA 98351
- Asking price $3.04M
- 4.60% cap rate
- NOI $140,001
- 5.6 years remaining
- NNN lease
- Year built: 2022
- Building size: 2,400 SF
- Lot size: 1.03 acres
- Lease expiration: Mar 31, 2032
- Rent increases: 4/1/22 - 3/31/27: $140,000.00; 4/1/27 - 3/31/32: $154,000.00; 4/1/32 - 3/31/37: $169,400.00; 4/1/37 - 3/31/42: $186,340.00; …
- Guarantor: Corporate
Location
This Starbucks property is at 1100 Harrison Ave in Centralia, Washington.
Asset type: Retail