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31485 Hwy, Unit 20 Oak Harbor, WA

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For Sale
$1,566,000

New construction drive-thru at high-traffic Oak Harbor corner.

Lot size:
0.43 Acres

Property Features for 31485 Hwy

General Information

Lot size
0.43 Acres

Source: Kidder Mathews Agent Erik Swanson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Oak Harbor Drive-Thru Investment

This is a newly constructed Cedar & Salt Coffee drive-thru located at the corner of Highway 20 and Pioneer Way in Oak Harbor, Washington. The investment is structured as a build-to-suit ground lease, where 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. The property is suitable for coffee shops, restaurants, retail properties, drive-through restaurants, NNN properties, and specialty properties.
Location Intelligence

Current Use by Public Records

Coffee shops

Similar Places Nearby

Drag N Fly Espresso, Beaver Tales Coffee LLC - Oak Harbor, Lotus Tea Bar & Studio, Riverside Cafe & Lounge Oak Harbor, Whidbey Coffee

Map

City
Oak Harbor
County
Island
State
Washington
Longitude
-122.6432245
Latitude
48.2931559

FAQs

What type of property is this?
Coffee shop - New construction drive-thru at high-traffic Oak Harbor corner.
Where is this coffee shop located?
The property is located at 31485 Hwy, Unit 20 Oak Harbor, WA.
What is the asking price?
The asking price for this property is $1,566,000.
What are key features of this property?
This property features: - High-traffic location at the corner of Highway 20 and Pioneer Way.; - Newly constructed Cedar & Salt Coffee drive-thru.; - 15-year initial lease term with four 5-year renewal options.
More about this property
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