340 Cleveland Ave SE
Olympia WA 98501

Cleveland Avenue

340 Cleveland Ave SE Olympia WA 98501

Listing #: 714835 | Status: Available | Last Modified: 7/6/2026 |

For Sale
David Gellner
  • Phone:(206) 747-4338
  • Email:david.gellner@kidder.com
  • Office Name:Kidder Mathews
  • Office Phone:(208) 362-8600
  • Office Website:
Parker Ksidakis
Eric Hagen
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Property Overview 1.jpg
Price Information
  • Listing Price$ 1,789,100.0
  • $/SF$ 284.8
  • Listing StatusAvailable
  • Days on Market9
  • Asset ClassRetail
  • Terms
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors1
  • # of Units
  • # of Elevators
  • A/CYes
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF6282
  • Net Rentable Area6282
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF38768
  • Acres0.89
Property Type
  • Property TypeRetail
  • Office TypeOther
  • Building ClassB
Location
  • CountyThurston
  • Vicinity
  • Location Description
  • Second Address
  • Cross StreetCuster Way
  • Market AreaOlympia
  • Tax ID #09250052002
  • Additional Parcels
  • ZoningBD
Construction
  • Year Built1971
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeConcrete, Wood

Starbucks Tumwater

Public Comments

We are pleased to present the opportunity to acquire a net leased Starbucks in Tumwater, WA. This opportunity features extremely strong real estate fundamentals with a drive-thru offering investors a passive investment backed by an investment-grade tenant. The property is offered as a leasehold interest subject to an existing ground lease. -The Property is leased to Starbucks, an investment-grade tenant with an S&P credit rating of BBB+ Starbucks is shadow-anchored by Safeway that includes a Safeway Fuel station -The Tumwater Starbucks store features a drive-thru, a format that consistently generates higher average sales volumes -Originally constructed as a bank branch, the building features high-quality construction designed for long-term durability -The Property is offered as a leasehold interest subject to an existing ground lease

Public Building Comments

Former Key Bank Building. Strong demographics and only bank building in the area. Located in Tumwater Square adjacent to Safeway. 3033sf main level, 3249sf lower level. Three lane drive-thru and plenty of parking.

Search Tags

Drive-Thru

Listing Images