Drive-Through Restaurant
New
For Sale
$2,545,000
31425 State Rte 20 Oak, Oak Harbor, WA 98277
A 2024 build-to-suit property is leased on an absolute net basis with scheduled rent increases.
Property Size1,292 SF
Days on Market3
Property Features for 31425 State Rte 20 Oak
General Information
Standard status
Active
Size
1,292 SF
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
36,530 vehicles/day
Building Details
Building Size
1,292 SF
Year Built
2024
Buildings
1
Listing Agency:
CP Partners
Listed By:
John Andreini · License #CalDRE #01440360
(415) 274-2715
Source:
Cppcre
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:40AM
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 CP Partners
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Investment Insights
Based on property information with market context.
This drive-through quick-service restaurant was completed in 2024 as a build-to-suit property. The sale-leaseback includes a 20-year absolute net lease, with rent scheduled to increase 10% every five years. The lease is signed by a franchisee operating Sonic locations.
The property sits at the signalized junction of State Route 20 and S Oak Harbor Street, where reported traffic is 36,530 vehicles per day. State Route 20 functions as Oak Harbor’s main commercial corridor, serving retail, restaurant, and shopping center destinations. Oak Harbor is the largest city on Whidbey Island and a commercial and service center for the island’s northern communities. Naval Air Station Whidbey Island is also a major local employment presence.
The property sits at the signalized junction of State Route 20 and S Oak Harbor Street, where reported traffic is 36,530 vehicles per day. State Route 20 functions as Oak Harbor’s main commercial corridor, serving retail, restaurant, and shopping center destinations. Oak Harbor is the largest city on Whidbey Island and a commercial and service center for the island’s northern communities. Naval Air Station Whidbey Island is also a major local employment presence.
Key Highlights
- 2024 build‑to‑suit construction with a drive‑through
- 20‑year absolute net lease with 10% rent increases every 5 years
- Lease signed by a Sonic franchisee
Property Analytics
Current Use
Lease Details
36,530 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Carpet One Floor & Home
Home Improvements & Furnishings
1,015 visits/mo
0.5 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
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A 2024 build-to-suit property is leased on an absolute net basis with scheduled rent increases.
Where is this drive through restaurant located?
The property is located at 31425 State Rte 20 Oak Oak Harbor, WA.
What is the asking price?
The asking price for this property is $2,545,000.
What are key features of this property?
This property features: 2024 build‑to‑suit construction with a drive‑through; 20‑year absolute net lease with 10% rent increases every 5 years; Lease signed by a Sonic franchisee
