Wake Up Call Coffee
Wake Up Call Coffee with New 10-Year Absolute Net Lease in Richland, Washington
Marketing description
The Offering provides the opportunity to acquire a Wake Up Call Coffee backed by a new 10-year absolute NNN lease with annual rent increases of 2%, to be executed at closing. Wake Up Call Coffee is a rapidly growing, privately held coffee chain with 49+ company-owned locations across three states with an extremely loyal customer base. The Property is a pad site to a Safeway-anchored shopping center, and directly across the street from an Urgent Care center, benefiting from strong daily draw to the immediate trade area. The building is in the final stages of construction with a grand opening estimated to occur in early-to-mid November 2025. The Property is highly visible and accessible from the hard corner of Gage Blvd. & Leslie Rd., exposed to 22,244 VPD. Located in the heart of Washington’s rapidly growing Tri-Cities region, the surrounding population has grown 9% over the last five years within a 5-mile radius, exceeding the US average of 4.8%.
Investment highlights
10-Year term with annual 2% rent increases. Yield increases 100 basis points in the primary term.
Absolute NNN lease structure provides zero Landlord responsibilities. Seller to execute a brand-new lease at closing.
Strong regional brand with 49+ locations and 20+ years of operational success, all 100% company owned. Voted “Best Drive-Thru Coffee” four years in a row by Inlander.
Hard corner location provides high accessibility and visibility with daily traffic counts of 22,244.
Strong draw to the immediate trade area provided by Safeway and adjacent urgent care.
High-density surrounding residential base of 132,809 residents within a 5-mile radius, with strong average household incomes of $138K within a 3-mile radius.
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