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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

903 Douglas Munro Blvd Cle Elum, WA 98922

2,162 SF 0.77 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 2,162 SF
Lot 0.77 ac (33,541 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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