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- LoopNet Team
822 Washington Way
Longview, WA 98632
Wendy's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | No Landlord Responsibilities
- 10% Rental Increase every 5 Years | First Increase Due January 2023
- Corporate-Backed
- High Performing Location | Low Rent/Sales
PROPERTY FACTS
ABOUT 822 WASHINGTON WAY , LONGVIEW, WA 98632
Marcus & Millichap is proud to present the Wendy’s restaurant site in Longview Washington. Wendy’s has been at this location for over 30 years, and recently committed to a new lease expiring at the end of 2033. This is an absolute net-leased property (Absolute NNN) with no landlord responsibilities for property taxes, utilities, maintenance, or roof/structure replacement. Rental increases of 10% begin in January of 2023, and occur every five years thereafter, including in the option periods. The tenant has three, 5-year options to extend the lease at the end of the initial term. The tenant under the lease is a wholly-owned subsidiary of Wendy’s Company, a publicly traded national brand and one of the largest fast food organizations in the world.
PROPERTY TAXES
| Parcel Number | 0-9526 | Improvements Assessment | $493,650 |
| Land Assessment | $355,500 | Total Assessment | $849,150 |
PROPERTY TAXES
