905 Douglas Munroe Blvd - Fast Food FOR SALE


Cle Elum, WA 98922
$2,580,000 USD
949-724-5500
905 Douglas Munroe Blvd, Cle Elum, WA for Sale
$2,580,000 USD
Fast Food - FOR SALE
1/5
null | 4.85% Cap Rate

905 Douglas Munroe Blvd
Cle Elum, WA 98922


HIGHLIGHTS

  • Stable and passive investment opportunity
  • NNN ground lease with zero Landlord cost responsibilities
  • Newly signed 20-year lease featuring desirable 10% increases every five years
  • Prime freeway location
  • Excellent freeway on/off-ramp location along the primary route from Seattle to Spokane and Tri-Cities that’s ideal for drive-thru restaurant use.
  • Limited competition with Wendy’s being one of only two national burger drive-thru chains in the immediate market

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,580,000 USD

PRICE/SF

$997 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,532 SF

ZONING

Entry Commercial

APN/PARCEL ID

263835

ASK ABOUT THIS PROPERTY

El WarnerColliersMore Info
949-724-5500

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El WarnerColliersMore Info
949-724-5500

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