18847 US 2 - Restaurant FOR SALE


Monroe, WA 98272
$2,700,000 USD
480-531-0369
18847 US 2, Monroe, WA for Sale
$2,700,000 USD
Restaurant - FOR SALE
1/3
null | 5% Cap Rate

18847 US 2
Monroe, WA 98272


HIGHLIGHTS

  • WENDY’S | Ground Lease | Zero Landlord Responsibilities
  • 20-YEAR TERM | 2025 Construction
  • 10% INCREASES EVERY 5 YEARS
  • OUTPARCEL TO FRED MEYER SHOPPING CENTER

OVERVIEW

Located with direct frontage on US Route 2, near the intersection of Kelsey St and US Route 2, seeing a combined ±59,000 VPD. Subject property is an outparcel to the 10th most visited Fred Meyer Grocery Store in the nation, seeing over 2.1M visitors. Monroe hosts the Evergreen State Fair, an annual county fair which attracts ±350,000 visitors over twelve days. The fair grounds are half a mile from Wendy’s. Centered in the only retail corridor in Monroe, the property is in prime position to serve consumers, with major tenants like Walmart, Lowe’s, Harbor Freight, and Planet Fitness in its direct vicinity.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$1,290 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

008343-000-001-00

ASK ABOUT THIS PROPERTY

Alec MillerSimonCREMore Info
480-531-0369

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Alec MillerSimonCREMore Info
480-531-0369

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