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Cedar & Salt, Glint Car Wash, and Sonic - Oak Harbor

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Cedar & Salt, Glint Car Wash, and Sonic - Oak Harbor

31485 Hwy 20, Oak Harbor, WA 98277
Retail For Sale Available Built 2024 1 floors Zoning: C-3
Asking Price
$1,566,000
Total Building50,000 SF
Available18,731 SF avail
Land109,461 SF land
Parking Total25
& Uncov.
MarketIsland County
CountyIsland

Read Overview
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Overview

Property ID
286431
Listing ID
696236
Type
Retail
Asset Class
Retail
Zoning
C-3

Description

Newly constructed Cedar & Salt Coffee drive-thru, 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.

Listing Courtesy of:

ES
Erik Swanson
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Oak Harbor ZIP: 98277 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.