905 Douglas Munroe Blvd - Fast Food FOR SALE
Cle Elum, WA 98922 |
905 Douglas Munroe Blvd
Cle Elum, WA 98922
HIGHLIGHTS
- High-quality 2023 construction Wendy’s, with 18 years remaining on their ground lease.
- 10% rent increases every 5 years, including in 2028, and at the start of all 4, 5-year options.
- Large-scale operator with more than 90 Wendy’s restaurants in Washington and British Columbia.
- Located directly on I-90’s exit 84. Cle Elum is the primary rest stop before eastbound motorists hit Snoqualmie Pass, seeing 37k+ VPD
- Part of the new Cle Elum Crossing development. The other tenants are Les Schwab & Starbucks.
- Shadow-anchored by Safeway, which recorded 1.1M annual visits in the past 12 months, ranking in the 76th percentile nationally (Placer.ai).
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Wendy's (Ground Lease)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
2589
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
263835,963066
