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Starbucks Sunnyside 2500 Yakima Valley Hwy 2,912 SF Retail Building Sunnyside, WA 98944 $3,782,835 CAD ($1,299.05 CAD/SF) 5.50% Cap Rate

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Investment Highlights

Strong national tenancy
Long-term lease with 12% rental increase
Neighboring national tenant synergy

Drive-thru equipped location
Premier positioning on Yakima Valley Highway

Executive Summary

Kidder Mathews is pleased to present the opportunity to acquire a drive-thru Starbucks located in Sunnyside, Washington. The Property is leased to Starbucks under a long-term lease, offering investors a passive investment backed by an investment-grade tenant. Strategically positioned along Yakima Valley Highway, the primary commercial corridor connecting communities throughout the Yakima Valley. The Property benefits from being in close proximity to other national tenants such as Grocery Outlet, Tractor Supply, Planet Fitness, Walmart and McDonald’s creating a steady traffic flow to capture the local consumer demand.

Starbucks - Sunnyside OM

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

2,912 SF

Building Class

Year Built

1993

Price

$3,782,835 CAD

Price Per SF

$1,299.05 CAD

Cap Rate

5.50%

NOI

$208,056 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

0.92 AC

Zoning

SS1

Parking

36 Spaces (0.9 Spaces per 1,000 SF Leased)

Frontage

237’ on Yakima Valley Hwy

Drive Thru

Major Tenants

Accommodation and Food Services
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Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.