109 Interstate Ave - Fast Food FOR SALE


Chehalis, WA 98532
$350,000 USD
360-269-2593
109 Interstate Ave, Chehalis, WA for Sale
$350,000 USD
Fast Food - FOR SALE
1/1
null | 5% Cap Rate

109 Interstate Ave
Chehalis, WA 98532


OVERVIEW

Established national restaurant tenant on a visible freeway location near the exit. This sale includes the building and ground lease, the land is not included. The lessee invested in a major interior upgrade last year. Both the lessee's 5-year renewal options and the ground lease run through 2043. Ownership has been pretty hands-off, tenant pays for everything except the ground lease. Priced at a 5% cap rate for long-term stable income. Feel free to drop in and have lunch. Please do not bother the staff without an appointment. Broker/owner.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Subway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,025 SF

ZONING

CF

APN/PARCEL ID

005871-072-009

ASK ABOUT THIS PROPERTY

Scott HornerOn Point Real EstateMore Info
360-269-2593

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Scott HornerOn Point Real EstateMore Info
360-269-2593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.