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Subway 109 Interstate Ave 1,334 SF Retail Building Chehalis, WA 98532 $150,000 ($112.44/SF) 11.67% Cap Rate
EXECUTIVE SUMMARY
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, inflation adjustments at renewals. Currently $3,000 rent minus $1,547 ground lease equals $1,453 net. NPV=$195,797@4% discount. Ownership has been pretty hands-off, tenant pays for everything except the ground lease. Long-term stable income. Feel free to drop in and have lunch. Please do not bother the staff without an appointment. Broker/owner.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
1,334 SF
Building Class
C
Year Built/Renovated
2003/2023
Price
$150,000
Price Per SF
$112.44
Cap Rate
11.67%
NOI
$17,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
CF - Freeway commercial
Frontage
85’ on Interstate Avenue
AMENITIES
- Freeway Visibility
- Signage
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
Subway is a privately held global quick-service restaurant brand founded in 1965. It operates through a franchise model, offering customizable submarine sandwiches, wraps, salads, and beverages. The brand emphasizes fresh ingredients and quick service across thousands of locations worldwide. Subway remains privately owned and continues to expand its footprint through franchising, maintaining its position as one of the largest restaurant chains globally.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 005871-072-009 | Improvements Assessment | $518,800 |
| Land Assessment | $229,500 | Total Assessment | $748,300 |
PROPERTY TAXES
Parcel Number
005871-072-009
Land Assessment
$229,500
Improvements Assessment
$518,800
Total Assessment
$748,300
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On Point Real Estate
Subway | 109 Interstate Ave
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