1495 CA-46 - Fast Food FOR SALE


Wasco, CA 93280
$2,579,000 USD
510-289-1166
1495 CA-46, Wasco, CA for Sale
$2,579,000 USD
Fast Food - FOR SALE
1/4
null | 4.75% Cap Rate

1495 CA-46
Wasco, CA 93280


HIGHLIGHTS

  • Brand New 20-Year Corporate Ground Lease to Wendy’s with Scheduled 10% Rental Escalations in Primary Term & Options
  • 2024 Construction Featuring Drive-Thru Component on Large Lot
  • Located in the City’s Newest Development Anchored by Grocery Outlet and Next Door to a New Dutch Bros Coffee
  • Population of 28,487 with High Anticipated Population Growth
  • Exceptional Business Climate for Manufacturing, Value Added Agriculture and Logistics Operations
  • No Landlord Maintenance Responsibilities

OVERVIEW

The subject property is located on highly visible Paso Robles Highway (18,600 AADT) at the northwest corner of Birch Avenue, in close proximity to California State Route 43. Paso Robles Highway is the main retail throughfare serving the entire city of Wasco and home to many national retailers. The site benefits from growing demographics with a total population of 28,487 within the city and a projected population growth rate of 9.31%. Average household income is $68,122 within five miles from the site. The property is located in the city’s newest development anchored by Grocery Outlet and next to a new Dutch Bros Coffee. Major Tenants in Surrounding Area Include Walmart Supercenter, McDonald’s, Starbucks, Taco Bell, Dollar Tree, Denny’s, Panda Express and more. The site benefits from weekend and commuter traffic going to Paso Robles and is within the logistics hub of Central California and the entire western region given it accessibility to Interstate 5 and State Highways 99, 46, 43, and 58.

FOR SALE DETAILS

PRICE

$2,579,000 USD

PRICE/SF

$921 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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