Prepared by https://www.commercialmls.com
340 Cleveland Ave SE Olympia WA 98501
Listing #: 714835 | Status: Available | Last Modified: 7/6/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 1 |
| A/C | Yes |
| Total Building SF | 6,282 SF |
| Net Rentable Area | 6,282 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 38,768 SF |
| Acres | 0.89 |
| Year Built | 1971 |
| Construction Type | Concrete, Wood |
| Property Type | |
|---|---|
| Property Type | Retail |
| Office Type | Other |
| Building Class | B |
| Location | |
|---|---|
| County | Thurston |
| Cross Street | Custer Way |
| Market Area | Olympia |
| Tax ID # | 09250052002 |
| Zoning | BD |
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
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


















