Drive-Through Retail
For Sale
Contact for pricing
3465 Geraghty Ave, Fairbanks, AK 99709
2019-built NNN retail with drive-through and direct access off Airport Way near Fairbanks International Airport.
Property SizeContact for details
Days on Market120
Property Features for 3465 Geraghty Ave
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
15,371 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
5.6%
Building Details
Year Built
2019
Listing Agency:
Northmarq
(206) 296-9600
Listed By:
Sean Mack · License #OR 990100161
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 11:40PM
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 Northmarq
Investment Insights
Based on property information with market context.
This NNN drive-through retail property was constructed in 2019 and is leased to Starbucks, a strong-credit tenant rated BBB+ by S&P Global Ratings. The lease structure is NNN, providing minimal landlord expense responsibility. The rent schedule includes 12% rental increases every five years, with the next increase scheduled for 2024. The offering is described as producing a 5.60% cap rate under the provided terms.
The site is located off Airport Way with direct access to and from Fairbanks International Airport. The remarks also note approximately 15,371 vehicles per day on Airport Way, along with positioning near a hard corner at a signalized intersection. The surrounding retail corridor includes national retailers such as Fred Meyer, Safeway, KFC, and Arby’s.
The site is located off Airport Way with direct access to and from Fairbanks International Airport. The remarks also note approximately 15,371 vehicles per day on Airport Way, along with positioning near a hard corner at a signalized intersection. The surrounding retail corridor includes national retailers such as Fred Meyer, Safeway, KFC, and Arby’s.
Key Highlights
- 2019‑built NNN retail with drive‑thru and direct access off Airport Way near Fairbanks International Airport
- Strong credit tenant: Starbucks (NASDAQ: SBUX), rated BBB+ by S&P Global Ratings
- NNN lease structure designed for minimal landlord expense responsibility
Property Analytics
Current Use
Lease Details
15,371 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Demographics for 99709, AK
28,613
Population
14,227
Households
2
Avg Household Size
37
Median Age
44%
College-Educated
96%
High-School Grad
510.2 sq mi
ZIP Area
56
Density / Sq Mi
$82,991
Median Household Income
$53,171
Median Earnings
$1,288
Median Rent
$296,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2019-built NNN retail with drive-through and direct access off Airport Way near Fairbanks International Airport.
Where is this retail space located?
The property is located at 3465 Geraghty Ave Fairbanks, AK.
What are key features of this property?
This property features: 2019‑built NNN retail with drive‑thru and direct access off Airport Way near Fairbanks International Airport; Strong credit tenant: Starbucks (NASDAQ: SBUX), rated BBB+ by S&P Global Ratings; NNN lease structure designed for minimal landlord expense responsibility
