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31179 State Route 20
Oak Harbor, WA 98277
Retail Property For Sale
Investment Highlights
- Single-tenant net lease with Petco, a trusted national retailer operating over 1,500 locations across North America.
- Located within Oak Harbor’s dominant shopping hub next to Walmart, Safeway, and other national retailers, enhancing customer draw.
- Strong underlying fundamentals supported by nearby Naval Air Station Whidbey Island, a major employer driving economic stability.
- Positioned along State Route 20, Oak Harbor’s principal commercial corridor with high traffic volumes and excellent visibility.
- Lease includes 4.5 years remaining plus four five-year renewal options with 8% rental increases every five years.
- Built in 2013 with updated roof (2020) under a 20-year warranty, reducing near-term capital expenses.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
7,980 SF
Building Class
C
Year Built/Renovated
1999/2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.25 AC
Zoning
OH - Oak Harbor Municipal Code (OHMC)
Frontage
138’ on State Route 20
Amenities
- Corner Lot
- Pylon Sign
- Air Conditioning
Property Taxes
| Parcel Number | R13203-115-4420 | Improvements Assessment | $886,244 |
| Land Assessment | $757,944 | Total Assessment | $1,644,188 |
Property Taxes
Parcel Number
R13203-115-4420
Land Assessment
$757,944
Improvements Assessment
$886,244
Total Assessment
$1,644,188
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