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824 Southgate
Pendleton, OR 97801
Wendy's - Pendleton · Retail Property For Sale
PROPERTY FACTS
ABOUT 824 SOUTHGATE , PENDLETON, OR 97801
Wendy' s has a 17-year historical tenancy at the Premises. The Operator will execute a brand new 25-year lease with an estimated commencement of June 1, 2017. A remodel featuring significant upgrades costing in excess of $300,000 is scheduled for 2017-2018 to comply with Wendy' s corporate Image Activation Plan. Operated by preeminent franchise operator with 80-plus locations throughout seven western states and Canada, with a co-guaranty clause requiring Tenant to operate a total of 10 units under the subject LLC. Ideal access provided to Interstate-84 on-off ramps directly north of the Subject with frontage on Southgate, exposes the Subject to 25,500 vehicles per day. Strong daily needs draw to nearby Walmart Supercenter and Safeway.
PROPERTY TAXES
| Parcel Number | 144315 | Improvements Assessment | $481,830 |
| Land Assessment | $119,380 | Total Assessment | $601,210 |
PROPERTY TAXES
