4909 NE Hazel Dell Ave - Restaurant FOR SALE


Vancouver, WA 98663- West Hazel Dell
$1,150,000 USD
360-787-6078
4909 NE Hazel Dell Ave, Vancouver, WA for Sale
$1,150,000 USD
Restaurant - FOR SALE
1/9
null | 5.76% Cap Rate

4909 NE Hazel Dell Ave
Vancouver, WA 98663
West Hazel Dell


HIGHLIGHTS

  • Near-term stable NNN income w/ clear path to long-term upside
  • Situated along irreplaceable Highway 5 transportation corridor (95,000+/- VPD)
  • Exceptionally well-maintained property with solid block brick building
  • Proven tenant operation with 10+ years in business at subject property

OVERVIEW

MAJ Commercial Real Estate is pleased to offer for sale The Frontier Public House (FPH), a freestanding, tenant-occupied restaurant NNN investment located along the Highway 5 transportation corridor in Vancouver, Washington. The asset is leased at a below-market rental rate and features approximately two (2) years remaining on the current lease term with 4.00% annual escalations, plus one final extension option to be exercised at fair market value, providing near-term income stability with a clearly defined path to long-term upside. Originally constructed in 1982 and fully renovated in 2014, the property consists of a 2,640 SF freestanding solid block brick building situated on a 26,136 SF parcel. The asset has been exceptionally well maintained throughout the 27 years of current ownership, with scheduled bi-monthly exterior and landscaping maintenance and quarterly HVAC and interior building maintenance. The site offers ample parking with 35 stalls, including two (2) ADA-compliant spaces. Strategically positioned near an Interstate 5 interchange (±95,000 VPD) and the Main Street intersection (±45,000 VPD), the property benefits from outstanding visibility and consistent AM/PM commuter traffic along one of the region’s most heavily traveled and irreplaceable transportation corridors. The property is operated by The Frontier Public House, a well-established and highly regarded restaurant in the Southwest Washington culinary scene. With over 1,300 Google reviews and more than 10 years of successful operating history at the site, FPH demonstrates strong operational performance backed by a proven, durable concept.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$387 USD /SF

CAP RATE

5.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frontier Public House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C-2

APN/PARCEL ID

101135-000

ASK ABOUT THIS PROPERTY

Wyatt FrantaMAJ Commercial Real EstateMore Info
360-787-6078

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Wyatt FrantaMAJ Commercial Real EstateMore Info
360-787-6078

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