LISTING DETAILS

Cleveland Avenue

340 Cleveland Ave SE Olympia WA 98501

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

Property Overview 1.jpg
Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Retail Asset Class Info
Crane Tonnage0
Building Information
Building StatusExisting
# of Buildings1
# of Floors1
A/CYes
Total Building SF6,282 SF
Net Rentable Area6,282 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF38,768 SF
Acres0.89
Year Built1971
Construction TypeConcrete, Wood
Property Type
Property TypeRetail
Office TypeOther
Building ClassB
Location
CountyThurston
Cross StreetCuster Way
Market AreaOlympia
Tax ID #09250052002
ZoningBD

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.

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Drive-Thru

Cleveland Avenue
340 Cleveland Ave SE Olympia WA 98501

Listing #: 714835 | Status: Available | Listing Date: 7/2/2026 | Last Modified: 7/6/2026 | Email Listing

For Sale

Cleveland Avenue

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