477150 Highway 95 - Retail FOR SALE


Ponderay, ID 83852
$3,049,000 USD
206-826-5787
477150 Highway 95, Ponderay, ID for Sale
$3,049,000 USD
Retail - FOR SALE
1/4
null | 5.41% Cap Rate

477150 Highway 95
Ponderay, ID 83852


HIGHLIGHTS

  • Brand New 20-Year Absolute NNN Lease | Attractive Rent Increases
  • Solid Unit-Level Sales & Conservative Rent/Sales Ratio
  • Strong Franchisee Guarantee
  • High-Quality 2021 Construction With Drive-Thru
  • Shadow Anchored by High-Traffic Walmart, North 40 Outfitters, and Home Depot
  • High Visibility Location (20,000+ VPD) and With Easy Ingress/Egress

OVERVIEW

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a Wendy's located in the year-round tourist destination of the Sandpoint, ID MSA. This prime Wendy's investment opportunity features a brand-new 20-year Absolute NNN Lease set to commence at closing, providing investors with long-term, passive income and zero landlord responsibilities for management, maintenance, or repairs. The lease structure includes 8.0% rent increases every five years throughout the initial term and all option periods, offering a built-in hedge against inflation. The store demonstrates solid operating performance with 2024 gross sales and projected 2025 sales both exceeding $2,000,000 and a conservative 7.9% rent-to-sales ratio. The store is operated by a successful Wendy's franchisee with over 65 locations across 10 states. The entity guaranteeing the lease will be Wenspok Resources LLC, the franchisee's Pacific Northwest operations, which includes 23 restaurants and total store sales volume in excess of $64,000,000 per year (2024). Constructed in 2021 as a build-to-suit for Wendy's, the property boasts high-quality, modern construction designed for long-term operational efficiency. The property benefits from year-round tourism activity including Schweitzer Mountain Resort and Lake Pend Oreille. Strategically positioned directly on Highway 95, a main route to Schweitzer Mountain Resort, the property benefits from exceptional visibility with over 20,500 vehicles per day and strong consumer demand. The property sits directly across from high-traffic anchors including Walmart, Home Depot, and North 40 Outfitters, further enhancing customer flow. The Ponderay/Sandpoint market continues to experience explosive demographic growth, with the population within a 5-mile radius increasing an impressive 22% since 2020 and projected to grow another nearly 23% over the next 5 years, highlighting sustained demand and future appreciation potential.

FOR SALE DETAILS

PRICE

$3,049,000 USD

PRICE/SF

$1,288 USD /SF

CAP RATE

5.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's | 20 Year Abs NNN Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

GC

APN/PARCEL ID

RPP00-000-039520A

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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