Oak Harbor Drive-Thru
For Sale
$1,566,000
31485 Hwy 20, Oak Harbor, WA 98277
New construction drive-thru at high-traffic Oak Harbor corner.
Property SizeContact for details
Lot Size0.43 Acres
Days on Market270
Property Features for 31485 Hwy 20
General Information
Standard status
Active
Lot size
0.43 Acres
Property subtype
RETAIL
Listing Agency:
Kidder Mathews
(206) 296-9628
Listed By:
Erik Swanson · License #73746
(206) 296-9628
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Whidbey Coffee
Dining
9,495 visits/mo
0.4 miles
Demographics for 98277, WA
41,517
Population
17,694
Households
2.3
Avg Household Size
36
Median Age
27%
College-Educated
95%
High-School Grad
57.3 sq mi
ZIP Area
725
Density / Sq Mi
$79,326
Median Household Income
$45,236
Median Earnings
$1,651
Median Rent
$455,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Drag N Fly Espresso — 32199 State Rte 20, Oak Harbor, WA 98277
- Beaver Tales Coffee LLC - Oak Harbor — 1900 SE Pioneer Way, Oak Harbor, WA 98277
- Lotus Tea Bar & Studio — 710 SE Fidalgo Ave, Oak Harbor, WA 98277
- Riverside Cafe & Lounge Oak Harbor — 705 se pioneer way, oak harbor, wa 98277
- Whidbey Coffee — 980 SE Pioneer Way, Oak Harbor, WA 98277
Frequently Asked Questions
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 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.
