Log In/Sign Up
Your email has been sent.
590 Gage Blvd
Richland, WA 99352
Wake Up Call Coffee · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10-Year term with annual 2% rent increases. Yield increases 100 basis points in the primary term.
- Strong regional brand with 49+ locations and 20+ years of operational success, all 100% company owned.
- Strong draw to the immediate trade area provided by Safeway and adjacent urgent care.
- Absolute NNN lease structure provides zero Landlord responsibilities. Seller to execute a brand-new lease at closing.
- Hard corner location provides high accessibility and visibility with daily traffic counts of 22,244.
- High-density surrounding residential base of 132,809 residents within a 5-mile radius, with strong average household incomes of $138K within 3 miles.
EXECUTIVE SUMMARY
The Offering provides the opportunity to acquire a Wake Up Call Coffee backed by a new 10-year absolute NNN lease with annual rent increases of 2%, to be executed at closing. Wake Up Call Coffee is a rapidly growing, privately held coffee chain with 49+ company-owned locations across three states with an extremely loyal customer base. The Property is a pad site to a Safeway-anchored shopping center, and directly across the street from an Urgent Care center, benefiting from strong daily draw to the immediate trade area. The building is in the final stages of construction with a grand opening estimated to occur in early-to-mid November 2025. The Property is highly visible and accessible from the hard corner of Gage Blvd. & Leslie Rd., exposed to 22,244 VPD. Located in the heart of Washington’s rapidly growing Tri-Cities region, the surrounding population has grown 9% over the last five years within a 5-mile radius, exceeding the US average of 4.8%.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Building Size
492 SF
Building Class
B
Year Built
2025
Price
$3,180,000
Price Per SF
$6,463.41
Cap Rate
5%
NOI
$159,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.36 AC
Zoning
59
Parking
5 Spaces (10.16 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 126984000012000 | Improvements Assessment | $0 |
| Land Assessment | $390,350 | Total Assessment | $390,350 |
PROPERTY TAXES
Parcel Number
126984000012000
Land Assessment
$390,350
Improvements Assessment
$0
Total Assessment
$390,350
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
