Will | STNL On-Markets

March 27, 2025

Jaguar / Land Rover Dealership

10131 SW Washington Square Rd, Tigard, OR 97223

Price: $12,385,000
Cap Rate: 6.2%
Lease Term: 19.9 years
Building Size: 62,000 SF
Property Details:
  • NNN Ground Lease: Jaguar Land Rover’s NNN ground lease features ±20 years of term remaining with 7.5% rent increases every 5 years throughout the initial term and three 10-year renewal options.
  • Residual Value of Improvements: State-of-the-art showroom, three-story concrete parking structure and coveted zoning will provide investor ease of retenating.
  • Excellent Access & Visibility: Built in 2019, the 62,000-square-foot dealership building is positioned along Washington Square Road, feet from its intersection with SW Greenburg Road (11,297 VPD) and the on-ramp to SW Beaverton Tigard Freeway (107,854 VPD).
  • Outparcel to the 1.3 MSF Washington Square Center

Starbucks

505 E 20th St, Farmington, NM 87401

Price: $2,455,415
Cap Rate: 6.2%
Lease Term: 9 Years
Property Details:
  • Lease Expiration: 07/30/2034
  • Year Built: 2024
  • NN Lease

Chipotle

597 SW 1st Ave, Canby, OR 97013

Price: $3,690,000
Cap Rate: 5.0%
Lease Term: 15-year
Property Details:
  • Former Dairy Queen that was just redeveloped into a Chipotle
  • Brand new 15-year term

Burger King

1161 18th St, Springfield, OR 97477

Price: $2,124,035
Cap Rate: 5.8%
Lease Term: 17 Years
Property Details:
  • 1.50% increases annually starting in year seven

Sherwin Williams

9920 NE 117th Ave, Vancouver, WA 98662

Price: $2,128,000
Cap Rate: 5.0%
Lease Term: 6 years
Property Details:
  • Corporate Guaranteed
  • 10% rent increase in February 2026

Sherwin Williams

17810 Canyon Rd E, Tacoma, WA 98446

Price: $3,875,000
Cap Rate: 5.5%
Lease Term: 9-Years
Property Details:
  • 2024 commencement: 10-Year Initial Term
  • Rent increases every 5 years
  • New construction Sherwin Williams net lease build-to-suit

Starbucks

123 N Phoenix Rd, Phoenix, OR 97535

Price: $2,514,000
Cap Rate: 5.2%
Lease Term: 10 year
Property Details:
  • Currently under construction - Planned opening for later this year
  • Fee simple interest (land & building ownership) - NN leased
  • Brand new 10 year lease with 4 (5-year) options to extend

Dutch Bros

10105 E Old Vail Rd, Tucson, AZ 85747

Price: $2,095,000
Cap Rate: 5.2%
Lease Term: 9.1 years
Building Size: 824 SF
Property Details:
  • High Volume Unit

Starbucks

1238 S Gilbert Rd, Mesa, AZ 85204

Price: $2,454,500
Cap Rate: 6.0%
Lease Term: 5 Years
Building Size: 2,000 SF
Property Details:
  • Adjacent to Target & 6th Largest High School in Arizona - Driving Traffic
  • Highway Exit Location in Expanding Phoenix Suburb - Mesa, AZ

Starbucks

5102 Sycamore Canyon Blvd, Riverside, CA 92507

Price: $4,736,842
Cap Rate: 4.8%
Lease Term: 14.8 Years
Building Size: 2,000 SF

Starbucks

4751 S Central Ave, Chicago, IL 60638

Price: $3,675,000
Cap Rate: 6.0%
Lease Term: 14.3
Building Size: 2,231 SF
Property Details:
  • 15 Year Starbucks Featuring a 15% Rental Increase in 2034 and 10% at Options 2 - 4. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Minutes from Midway International Airport - One of the Busiest Airports in the Nation and the 2nd-busiest Airport both in the Chicago Metro & the State of Illinois, serving 22M+ Passengers in 2023.

Sherwin Williams

2200 Ashland St, Ashland, OR 97520

Price: $2,100,000
Cap Rate: 5.3%
Lease Term: 3.5 years
Building Size: 4,125 SF
Property Details:
  • Separate parcel within the Grizzly Peak Shopping Center
  • The subject was a build to suit for Sherwin Williams in 2013, they extended their lease in 2023 and have a remaining 5 yr option.

Staples - McMinnville

1150 NE Highway 99W, McMinnville, OR 97128

Price: $4,370,000
Cap Rate: 7.2%
Lease Term: 5 Years
Building Size: 23,805 SF
Property Details:
  • The tenant has operated at this location for over 25 years
  • The remaining 5-year option includes a rare 21% contractual rent increase, boosting yield nearly 155 basis points in the next five years

Goodwill

1907 S 1st St, Yakima, WA 98903

Price: $3,750,000
Cap Rate: 7.1%
Lease Term: 3 Years
Building Size: 16,048 SF
Property Details:
  • NNN Lease with Goodwill covering all expenses including a 5% management fee.
  • Modern Construction: Built in 2015 as a build-to-suit for Goodwill, ensuring high-quality design and functionality.