Address Map
USA
Washington
Island
Oak Harbor
98277
Hwy 20
31485
W123° 20' 29.5''
N48° 17' 17.1''
Additional Information
Erik Swanson
16491
912900
18,731 Sqft
109,461 Sqft
25
Glint Car Wash and Sonic - Oak Harbor
Island County
1
98101
WA
Seattle
601 Union St Ste. 4720
Property Description

Newly constructed Cedar & Salt Coffee drive-through, strategically located at the high-traffic corner of Highway 20 and Pioneer Way in Oak Harbor, Washington. The investment is structured as a build-to-suit ground lease, wherein the tenant holds rights to the improvements during the lease term. Upon lease expiration, all improvements revert to the landlord, offering long-term residual value in addition to passive income under the NNN lease structure. The lease includes a 15-year initial term, four 5-year renewal options, and a percentage rent clause, providing long-term upside potential tied to tenant performance.

For Sale

31485 Hwy 20, Oak Harbor, Washington 98277

    $1,566,000
    Listing ID#696236
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    Basic Details
    Property Type : Retail
    Listing Type : For Sale
    Listing ID : 696236
    Price : $1,566,000
    Year Built : 2024
    Status : Active
    Office Name : Kidder Mathews
    Property Sub Type : Retail
    BROKER INFO
    Rene Orona
    BROKER OF REAL ESTATE
    BROKER OF REAL ESTATE
    3380 146th PL SE Suite 300
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    Kidder Mathews