1215 Pacific Ave - Fast Food FOR SALE


Woodland, WA 98674
$2,160,000 USD
415-602-6339
1215 Pacific Ave, Woodland, WA for Sale
$2,160,000 USD
Fast Food - FOR SALE
1/9
null | 5% Cap Rate

1215 Pacific Ave
Woodland, WA 98674


HIGHLIGHTS

  • Brand New 20-Year Lease | Corporate Signed | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Woodland Center (67,000 SF) | Excellent Visibility & Access |Strong Consumer Base | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, Wendy’s investment property located in Woodland, Washington. The tenant, Wendy’s Properties, LLC recently signed a brand new 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,160,000 USD

PRICE/SF

$665 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wendy's - ABS NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

C-2

APN/PARCEL ID

50452,50457

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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