The Warner Retail Team and First Western Properties are pleased to present a new construction Wendy’s on a 20-year NNN ground lease. The property is located in Cle Elum at the on/off-ramp of I-90, the primary route from Seattle to Spokane and Tri-Cities, providing a convenient drive-thru stop for passing motorists. Across the street is a Safeway and Fuel Station that ranks in the Top 5% of Safeway’s in the State, validating the popularity of the freeway location for drivers.
This stable opportunity is backed by a very strong credit franchisee that’s one of the largest in Washington and offers one of only a few highly desirable drive-thru assets in the city. Adding to the inherent stability of the asset, tenant’s below-market rent and the leasable nature of drive-thru restaurants further mitigates any turnover risk.