903 Douglas Munro BlvdCle Elum, WA 98922

Property Details for 903 Douglas Munro Blvd

Year built

2024

Lot size

0.77 AC

Property size (Sq ft)

2,162 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 2,162 square foot Starbucks located at 903 Douglas Munro Blvd in Cle Elum, Washington. Built in 2024, this Class A, single-tenant property sits on a 0.77-acre lot and boasts 26 parking spaces. The property benefits from a strategically advantageous location directly at the I-90 on/off-ramp, a major thoroughfare connecting Seattle, Spokane, and the Tri-Cities. This prime location ensures high visibility and accessibility for motorists. The lease is a Net Lease (NNN) with Starbucks, a globally recognized brand offering investment-grade credit, and has a remaining term of approximately 9.4 years, expiring April 30, 2034. The lease includes a 10% rent increase every five years, providing built-in growth potential. The property currently enjoys 100% occupancy, generating a strong Net Operating Income (NOI) of $154,000, resulting in an attractive 5.25% capitalization rate. The property's proximity to a high-performing Safeway and fuel station further underscores the strength of this location. With limited comparable drive-thru options within a 30-minute radius, this Starbucks represents a rare and highly desirable investment asset in a thriving market. The APN is 963067. This is a turnkey investment with significant long-term growth potential. The asking price is $2,933,000.

Location Insight

City

Cle Elum

County

Kittitas

State

Washington

Latitude

47.1964

Longitude

-120.957

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].