590 Gage Blvd - Retail FOR SALE


Richland, WA 99352
$3,180,000 USD
503-957-7945
590 Gage Blvd, Richland, WA for Sale
$3,180,000 USD
Retail - FOR SALE
1/2
null | 5% Cap Rate

590 Gage Blvd
Richland, WA 99352


HIGHLIGHTS

  • 10-Year term with annual 2% rent increases. Yield increases 100 basis points in the primary term.
  • Absolute NNN lease structure provides zero Landlord responsibilities. Seller to execute a brand-new lease at closing.
  • Strong regional brand with 49+ locations and 20+ years of operational success, all 100% company owned.
  • Hard corner location provides high accessibility and visibility with daily traffic counts of 22,244.
  • Strong draw to the immediate trade area provided by Safeway and adjacent urgent care.
  • High-density surrounding residential base of 132,809 residents within a 5-mile radius, with strong average household incomes of $138K within 3 miles.

OVERVIEW

The Offering provides the opportunity to acquire a Wake Up Call Coffee backed by a new 10-year absolute NNN lease with annual rent increases of 2%, to be executed at closing. Wake Up Call Coffee is a rapidly growing, privately held coffee chain with 49+ company-owned locations across three states with an extremely loyal customer base. The Property is a pad site to a Safeway-anchored shopping center, and directly across the street from an Urgent Care center, benefiting from strong daily draw to the immediate trade area. The building is in the final stages of construction with a grand opening estimated to occur in early-to-mid November 2025. The Property is highly visible and accessible from the hard corner of Gage Blvd. & Leslie Rd., exposed to 22,244 VPD. Located in the heart of Washington’s rapidly growing Tri-Cities region, the surrounding population has grown 9% over the last five years within a 5-mile radius, exceeding the US average of 4.8%.

FOR SALE DETAILS

PRICE

$3,180,000 USD

PRICE/SF

$2,366 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wake Up Call Coffee

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,703 SF

ZONING

59

APN/PARCEL ID

126984000012000

ASK ABOUT THIS PROPERTY

Sean MackNorthmarqMore Info
503-957-7945

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Sean MackNorthmarqMore Info
503-957-7945

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.