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Starbucks Sunnyside 2500 Yakima Valley Hwy 2,912 SF Retail Building Sunnyside, WA 98944 $2,700,000 ($927.20/SF) 5.50% Cap Rate
Investment Highlights
- Strong national tenancy
- Long-term lease with 12% rental increase
- Neighboring national tenant synergy
- Drive-thru equipped location
- Premier positioning on Yakima Valley Highway
Executive Summary
Kidder Mathews is pleased to present the opportunity to acquire a drive-thru Starbucks located in Sunnyside, Washington. The Property is leased to Starbucks under a long-term lease, offering investors a passive investment backed by an investment-grade tenant. Strategically positioned along Yakima Valley Highway, the primary commercial corridor connecting communities throughout the Yakima Valley. The Property benefits from being in close proximity to other national tenants such as Grocery Outlet, Tractor Supply, Planet Fitness, Walmart and McDonald’s creating a steady traffic flow to capture the local consumer demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,912 SF
Building Class
C
Year Built
1993
Price
$2,700,000
Price Per SF
$927.20
Cap Rate
5.50%
NOI
$148,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.92 AC
Zoning
SS1
Parking
36 Spaces (0.9 Spaces per 1,000 SF Leased)
Frontage
237’ on Yakima Valley Hwy
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 231030-43401 | Improvements Assessment | $1,306,600 |
| Land Assessment | $399,500 | Total Assessment | $1,706,100 |
Property Taxes
Parcel Number
231030-43401
Land Assessment
$399,500
Improvements Assessment
$1,306,600
Total Assessment
$1,706,100
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