1815 E Isaacs Ave 2,181 SF Retail Building Walla Walla, WA 99362 $1,205,000 ($552.50/SF) 6% Cap Rate

Kidder Mathews is pleased to present the opportunity to acquire a single tenant Del Taco investment property strategically located at 1815 East Isaacs Avenue in Walla Walla, Washington. The property sits along the primary retail and commercial corridor of Isaacs Avenue, one of the most heavily traveled arterials in the market, with direct access provided by curb cuts on both Portland Avenue and Isaacs Avenue and strong visibility from building and pylon signage.
Del Taco operates under a triple net lease that places responsibility for utilities, property taxes, insurance, common area maintenance, and all structural and non-structural repairs on the tenant, including the roof, foundation, walls, parking lot, and landscaping. This structure delivers a truly passive stream of income to ownership with virtually no landlord management responsibilities. The lease carries a dual guaranty from Sherman Group LLC and 3 Brothers Restaurants Nevada LLC.
The lease commenced on August 1, 2023 and runs through July 31, 2030, leaving meaningful term in place at closing. Beyond the primary term, the tenant holds four successive five-year renewal options, each carrying a 10 percent rental increase, which creates durable long term cash flow with built in growth. The lease also includes a percentage rent provision equal to 6 percent of gross sales above $1,000,000 per calendar year, offering ownership additional upside tied directly to the ongoing success of the location.
The parcel is improved with a freestanding restaurant building of approximately 2,181 square feet, situated on 0.60 acres, or roughly 26,136 square feet. The site offers ±24 parking spaces, reflecting a healthy parking ratio of 11.0 per 1,000 square feet, along with a drive-thru configuration. Built in 1981, the building continues to serve as a proven and productive drive-thru quick service restaurant.