Cedar & Salt, Glint Car Wash, and Sonic – Oak Harb – Oak Harbor, WA

Cedar & Salt, Glint Car Wash, and Sonic – Oak Harb #286431

Status: Available
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.

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Flyer:

• Cedar and Salt OM_e (4)-compressed_1

Listing Courtesy of: Kidder Mathews – Erik Swanson (#16491)

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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.