1100 Harrison Ave Centralia, WA 98531-1851

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.