4700 Avery Ln SE
Lacey WA 98503
Lacey Crossroads Starbucks
4700 Avery Ln SE Lacey WA 98503
Listing #: 685701 | Status: Available | Last Modified: 9/5/2024 |
For Sale
- Phone:(253) 471-5509
- Email:dwhittles@firstwesternproperties.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Agent Phone:(360) 596-9151
- Agent Email:ryan.haddock@kidder.com
- Agent Phone:(206) 826-5787
- Agent Email:brownretailgroup@marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,775,000.0
- $/SF$ 1,014.3
- Listing StatusAvailable
- Days on Market36
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.25 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF1750
- Net Rentable Area1750
- Total Office SF
- Largest Contiguous SF
- Lot SF21846
- Acres0.5
- Property TypeRetail
- Office Type
- InvestmentYes
- Building Class
- CountyThurston
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaLacey
- Tax ID #58040000900
- Additional Parcels
- ZoningCCD
- Year Built2008
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeMasonry
Starbucks High-Volume Drive-Thru
We have been selected to exclusively market for sale a Corporate Guaranteed Drive-Thru Starbucks, located in Lacey, WA. The Property is shadow anchored by Lowe's Home Improvement in an expanding shopping center that is also home to national tenants such as: Taco Bell, Jimmy John's, Verizon, MudBay, Dominos and more. The Starbucks lease features 4+ years of term with 4, 5-year options and 10% rent increases every 5 years. Starbucks has also operated at this location for over 15-years and in 2017, they removed their early termination right, as well as added 2, 5-year options after extending their lease for 10 additional years. The Property is centrally located in the rapidly growing Lacey, WA sub-market. Since 2010, within a 5-mile radius of the Property, the population has grown by nearly 2
Build to Suit, Drive-Thru, Pad(s), Restaurant, Stand-Alone
