1477 Kingswood Dr SW - Fast Food FOR SALE


Tumwater, WA 98512
$2,783,000 USD
360-480-6680
1477 Kingswood Dr SW, Tumwater, WA for Sale
$2,783,000 USD
Fast Food - FOR SALE
1/1
null | 4.85% Cap Rate

1477 Kingswood Dr SW
Tumwater, WA 98512


HIGHLIGHTS

  • Part of a vibrant new development that generates strong crosstraffic and complementary tenant synergy.
  • Leased to one of the largest franchisees in the system, with over 90 locations in Washington and Canada.
  • Available in a portfolio with a Valvoline and Tesla Charging Station

OVERVIEW

Wendy’s is situated on a 39,204-square-foot parcel and leased to one of the largest franchisees in the system, with over 90 locations in Washington and Canada. The Lease includes a 20-year initial term, four 5-year renewal options, and 10% increases every 5 years. It is structured as an absolute NNN Ground Lease. This is a rare opportunity to acquire multiple properties within a newly developed center and net-leased retail assets in a high-visibility location, combining built-in value growth with long-term passive income. The owner will consider selling all or part of the portfolio,

FOR SALE DETAILS

PRICE

$2,783,000 USD

PRICE/SF

$1,096 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

GC

APN/PARCEL ID

12703240411

ASK ABOUT THIS PROPERTY

Ryan HaddockKidder MathewsMore Info
360-480-6680

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Ryan HaddockKidder MathewsMore Info
360-480-6680

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