Restaurant

Pullman Retail Opportunity

530 E Main St, Pullman, WA 99163

Listing Price: $600,000

Cap Rate
6.00%
Tenant Name
Oasis Teriyaki & Pho
Lease Type
Double Net
Rent Per Square Feet
$18.98

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple ownership in the Oasis Teriyaki & Pho restaurant in Pullman, Washington. This site is currently operating on a month-to-month lease and is a prime reposition or development opportunity in Pullman.

The adjacent property, The Armory, was recently renovated and now features: the Pumori Med spa, Sanctuary luxury yoga studio, luxury lofts and the Main Street Squeeze. Additionally, in 2019 the Evolve on Main student living apartment complex opened its doors and is an 81 unit apartment complex with 290 beds that sits just 450 +/- feet to the West of the subject property. Directly behind the subject property is the Bill Chipman trail, running 7.1 miles in total that connects Pullman to Moscow, Idaho.

Investment Highlights

  • Roof Replaced in 2012 and Subject to 15-Year Warranty
  • Current Tenant Operating on Month-to-Month Lease
  • The Site is Positioned within the C2 District (No Parking Requirement)
  • 86 Unit (290 Bed) Off-Campus Apartment Complex Opened May 2019, 450 ft +/- to West
  • Washington State University Visitor Center is Positioned just One Block to the East
  • Washington State University has a Student Enrollment of 21,000 +/-

Exclusively Listed By

  • Hank Wolfer

    First Vice President Investments

    Email Hank

    License(s): WA: 110547

    Seattle

  • Derek Peterson

    Associate

    Email Derek

    License(s): WA: 120511

    Seattle

Restaurant

Pullman Retail Opportunity

Listing Price: $600,000

Cap Rate
6.00%
Tenant Name
Oasis Teriyaki & Pho
Lease Type
Double Net
Rent Per Square Feet
$18.98

Investment Highlights

  • Roof Replaced in 2012 and Subject to 15-Year Warranty
  • Current Tenant Operating on Month-to-Month Lease
  • The Site is Positioned within the C2 District (No Parking Requirement)
  • 86 Unit (290 Bed) Off-Campus Apartment Complex Opened May 2019, 450 ft +/- to West
  • Washington State University Visitor Center is Positioned just One Block to the East
  • Washington State University has a Student Enrollment of 21,000 +/-

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple ownership in the Oasis Teriyaki & Pho restaurant in Pullman, Washington. This site is currently operating on a month-to-month lease and is a prime reposition or development opportunity in Pullman.

The adjacent property, The Armory, was recently renovated and now features: the Pumori Med spa, Sanctuary luxury yoga studio, luxury lofts and the Main Street Squeeze. Additionally, in 2019 the Evolve on Main student living apartment complex opened its doors and is an 81 unit apartment complex with 290 beds that sits just 450 +/- feet to the West of the subject property. Directly behind the subject property is the Bill Chipman trail, running 7.1 miles in total that connects Pullman to Moscow, Idaho.

Exclusively Listed By

  • Hank Wolfer

    First Vice President Investments

    Email Hank

    License(s): WA: 110547

    Seattle

  • Derek Peterson

    Associate

    Email Derek

    License(s): WA: 120511

    Seattle

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