1100 Harrison Ave Centralia, WA 98531-1851
Property profile & analytics
1100 Harrison Ave, Centralia, WA 98531-1851
- Banks
- 4,225 SF
- 1.03 lot acres
Property ID
US90-0392812
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Banks
Property Details for 1100 Harrison Ave
- Year built
- 1981
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.03 lot acres
- Property size
- 4,225 SF
- Property type
- Banks
- APN
- 2918008002
- APU
- 2918008002
Description
This exceptional investment opportunity presents a single-tenant, net-leased Starbucks located at 1100 Harrison Ave, Centralia, WA 98531. The property boasts a 2,400 square foot building on a single story, constructed in 2022 and featuring a convenient drive-thru. This Class B retail property is situated on a prime location just off Interstate 5, benefiting from high visibility and accessibility. The Starbucks lease commenced April 1, 2022, with a remaining term of approximately 7.4 years, extending to March 31, 2032. The lease includes four options to renew and features a 10% rent increase every five years, providing consistent rental growth. The property offers 33 parking spaces and is zoned C2. The tenant, Starbucks, is credit-rated (BBB+), offering investment-grade security. With a Net Operating Income (NOI) of $140,000 and an asking price of $3,043,500, this property presents a compelling 4.60% cap rate. The property's strong location benefits from proximity to major transportation arteries and a robust tenant mix, including Safeway and Centralia Factory Outlets. This is a rare opportunity to acquire a high-performing, investment-grade Starbucks in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,125,000
- ML approach
- $1,160,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Centralia
- County
- Lewis
- State
- Washington
- Longitude
- -122.98
- Latitude
- 46.7291
- CBSA code
- 16500
- CBSA name
- CENTRALIA, WA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,043
$987,100
$725,300
$1,712,400
-
$987,100
$725,300
$1,712,400
