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1420 Harvey Rd
Auburn, WA 98002
2 · Retail Property For Sale
Executive Summary
Colliers is pleased to present the exclusive offering of The Starbucks building at 1420 Harvey Road. The property is situated adjacent to
the companion subject property, Walgreens, and is currently in Year 18 of its tenancy, with four remaining five-year renewal options. The
building sits on a 16,539-square-foot corner lot at the intersection of Harvey Road and Auburn Way North, offering excellent visibility and
exposure to high traffic counts. The 1,886-square-foot building features a drive-thru window and was originally constructed in 2008 as a
Starbucks.
the companion subject property, Walgreens, and is currently in Year 18 of its tenancy, with four remaining five-year renewal options. The
building sits on a 16,539-square-foot corner lot at the intersection of Harvey Road and Auburn Way North, offering excellent visibility and
exposure to high traffic counts. The 1,886-square-foot building features a drive-thru window and was originally constructed in 2008 as a
Starbucks.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,822 SF
Building Class
B
Year Built
2008
Price
$2,734,100 CAD
Price Per SF
$1,500.60 CAD
Cap Rate
5.95%
NOI
$162,710 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.40 AC
Zoning
C3
Parking
12 Spaces (6.58 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 257840-0050 | Improvements Assessment | $1,493,891 CAD |
| Land Assessment | $382,661 CAD | Total Assessment | $1,876,552 CAD |
Property Taxes
Parcel Number
257840-0050
Land Assessment
$382,661 CAD
Improvements Assessment
$1,493,891 CAD
Total Assessment
$1,876,552 CAD
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