11815 SE Mill Plain Blvd - Freestanding FOR SALE


Vancouver, WA 98684- Cascade Park
$3,700,000 USD
503-200-2061
11815 SE Mill Plain Blvd, Vancouver, WA for Sale
$3,700,000 USD
Freestanding - FOR SALE
1/23
null | 4.18% Cap Rate

11815 SE Mill Plain Blvd
Vancouver, WA 98684
Cascade Park


HIGHLIGHTS

  • Absolute NNN Lease with zero landlord responsibilities
  • 17+ years lease with 10% rent increases every five years
  • 56 -Unit Franchisee with Plans to Grow
  • 48 years operating at this location
  • Four (5) year renewal options providing long-term stability
  • Superior location on Vancouver's major commercial corridor with 50,000+ daily vehicles

OVERVIEW

Marcus & Millichap is please to present for sale this Dairy Queen in Vancouver, Washington. The subject property is a standout property offering a prime investment opportunity. Spanning 2,522 square feet on a 0.41-acre lot across three parcels, this location has been thoughtfully updated since its original construction in 1977, with a complete remodel in 2009, a refreshed interior in 2023, and plans for an exterior upgrade in 2026. The property operates under an absolute net lease with zero landlord responsibilities, featuring a new 20-year lease that includes 10% rent increases every five years and four five-year renewal options. Strategically positioned on one of Vancouver’s busiest thoroughfares with over 50,000 vehicles passing daily, the site benefits from proximity to popular retailers like Walmart, Trader Joe’s, Starbucks, and the newly opened Raising Cane’s (July 2024). Vancouver, Washington’s fourth-largest city, continues to experience consistent growth and expansion, further enhancing the appeal of this high-traffic location.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$1,467 USD /SF

CAP RATE

4.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

CC

APN/PARCEL ID

114727-162,114727-164,114727-166

ASK ABOUT THIS PROPERTY

Joseph DabushMarcus & MillichapMore Info
503-200-2061

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Joseph DabushMarcus & MillichapMore Info
503-200-2061

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.