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Wendy's 1477 Kingswood Dr SW 2,540 SF Retail Building Tumwater, WA 98512 $2,783,000 ($1,095.67/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Part of a vibrant new development that generates strong crosstraffic and complementary tenant synergy.
- Available in a portfolio with a Valvoline and Tesla Charging Station
- Leased to one of the largest franchisees in the system, with over 90 locations in Washington and Canada.
EXECUTIVE SUMMARY
Wendy’s is situated on a 39,204-square-foot parcel and leased to one of the largest franchisees in the system, with over 90 locations in Washington and Canada. The Lease includes a 20-year initial term, four 5-year renewal options, and 10% increases every 5 years. It is structured as an absolute NNN Ground Lease.
This is a rare opportunity to acquire multiple properties within a newly developed center and net-leased retail assets in a high-visibility location, combining built-in value growth with long-term passive income. The owner will consider selling all or part of the portfolio,
This is a rare opportunity to acquire multiple properties within a newly developed center and net-leased retail assets in a high-visibility location, combining built-in value growth with long-term passive income. The owner will consider selling all or part of the portfolio,
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,540 SF
Building Class
B
Year Built
2025
Price
$2,783,000
Price Per SF
$1,095.67
Cap Rate
4.85%
NOI
$134,976
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.90 AC
Zoning
GC - General Commercial
Parking
26 Spaces (10.24 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12703240404 | Improvements Assessment | $0 |
| Land Assessment | $967,800 | Total Assessment | $967,800 |
PROPERTY TAXES
Parcel Number
12703240404
Land Assessment
$967,800
Improvements Assessment
$0
Total Assessment
$967,800
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Wendy's | 1477 Kingswood Dr SW
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