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
- Phone:(206) 747-4338
- Email:david.gellner@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(206) 708-9420
- Agent Email:parker.ksidakis@kidder.com
- Agent Phone:(206) 296-9600
- Agent Email:eric.hagen@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,789,100.0
- $/SF$ 284.8
- Listing StatusAvailable
- Days on Market9
- Asset ClassRetail
- Terms
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- 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 TypeRetail
- Office TypeOther
- Building ClassB
- CountyThurston
- Vicinity
- Location Description
- Second Address
- Cross StreetCuster Way
- Market AreaOlympia
- Tax ID #09250052002
- Additional Parcels
- ZoningBD
- Year Built1971
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeConcrete, Wood
Starbucks Tumwater
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
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.
Drive-Thru


















