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Wendy's - ABS NNN Ground Lease 1215 Pacific Ave 2,648 SF Retail Building Woodland, WA 98674 $2,160,000 ($815.71/SF) 5% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Corporate Signed | Scheduled Rental Increases
- Woodland Center (67,000 SF) | Excellent Visibility & Access |Strong Consumer Base | Primary Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, Wendy’s investment property located in Woodland, Washington. The tenant, Wendy’s Properties, LLC recently signed a brand new 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,648 SF
Building Class
C
Year Built
2025
Construction Status
Proposed
Price
$2,160,000
Price Per SF
$815.71
Cap Rate
5%
NOI
$108,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.71 AC
Zoning
C-2 - Highway Commercial
Parking
23 Spaces (8.69 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 5-0452 | Improvements Assessment | $0 |
| Land Assessment | $163,090 | Total Assessment | $163,090 |
Property Taxes
Parcel Number
5-0452
Land Assessment
$163,090
Improvements Assessment
$0
Total Assessment
$163,090
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Wendy's - ABS NNN Ground Lease | 1215 Pacific Ave
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