For Sale
$2,580,000

905 Douglas Munro BlvdCle Elum, WA 98922

High-ROI QSR investment, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a newly constructed Wendy's restaurant in Cle Elum, WA, situated at the I-90 on/off-ramp. The property boasts a 2,589 square foot building on a 0.59-acre lot, featuring 26 parking spaces. The property is a Class A, single-tenant, net lease (NNN) investment with a ground lease structure. The current lease with Wendy's, a highly reputable brand, extends until November 26, 2043, offering a substantial remaining term of 19 years. The lease includes a favorable 10% rent increase every five years, ensuring consistent income growth. The property's Net Operating Income (NOI) is $125,000, resulting in a 4.85% cap rate. The asking price is $2,580,000. This location benefits from high visibility and traffic volume due to its proximity to I-90, a major thoroughfare connecting Seattle to Spokane and the Tri-Cities. Across the street is a top-performing Safeway and fuel station, further validating the location's desirability. The property's proximity to Suncadia Resort, a premier golf resort, also contributes to its strong market position. This is a rare opportunity to acquire a stable, high-performing, and low-maintenance investment property with significant long-term growth potential. The tenant is one of the largest Wendy's franchisees in Washington, operating approximately 98 units, demonstrating financial strength and operational expertise. The below-market rent further mitigates turnover risk, providing additional investment protection. This is a turnkey investment with minimal landlord responsibilities.

Highlights

  • Triple-net (NNN) ground lease with no landlord responsibilities.
  • 20-year lease with 10% rent increases every five years.
  • Tenant is a large, experienced franchisee operating nearly 100 units in Washington.
  • New construction minimizing operational issues.
  • Below-market rent, reducing turnover risk and enhancing investment security.
  • Excellent freeway visibility and access on a major route.

Property Details for 905 Douglas Munro Blvd

Property type
Retail properties
Square Feet
2,589 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
25,700 SF
Units
1

Location Insight

City
Cle Elum
County
Kittitas
State
Washington
Latitude
47.1961894
Longitude
-120.9573594
905 Douglas Munro Blvd, Cle Elum, Washington

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905 Douglas Munro Blvd
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