Starbucks | New 10-Year Lease
3620 Washburn Way, Klamath Falls, Oregon 97603
Price: $2,315,000
Status: Sold
Cap Rate: 5.40%
Year Built: 2023
NOI: $125,000
Lot Size: 0.60 acres
Price Per Foot: $661
SF: 3,500
Remaining Term: 10 Years
Lease Type: Triple-Net (NNN)
Property Intro
Lee & Associates and Bang Realty are pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in Starbucks “Subject Property”, located at 3620 Washburn Way, Klamath Falls, Oregon. Built in 2023, the Subject Property consists of a 3,500 square foot drive-through building that resides on a 0.6-acre parcel.
investment highlights
- Corporate Starbucks Lease Guaranty – Investment Grade Credit (S&P: BBB+)
- Walmart Supercenter Shadow Anchored By #6 Ranked Walmart in Oregon
- Projected To Be a High-Volume Store Location By Starbucks – Only 2nd Store In Klamath Falls Market
- New Roof (20-Year Warranty) – New HVAC Units – Renovated Concrete Parking Lot
- Brand New 2023 Full Scale Re-Model to Latest Starbucks Prototype (January 6, 2024 Estimated Rent Commencement)
- Passive Triple-Net (NNN) Lease With 10% Rental Increases
listing agents
