1401 & 1551 Kingswood Dr SW Tumwater, WA 98512

Listing office KIDDER MATHEWS r***@kidder.com Show Phone

Listing date May 6, 2025

Source Corcoran

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Investment Insights

Based on property information with market context.

This property features a 20-year ground leased Wendy's located in Tumwater, WA. The surrounding area includes Walmart, Home Depot, Costco, and other retailers. It is situated in a newly constructed shopping center with co-tenants such as Valvoline, Starbucks, Chipotle, Marriot, and a Tesla Super Charging Station. Rent is scheduled to commence on May 1, 2025, with 10% rent increases every five years. The tenant operates over 90 locations in Washington and Canada. The property offers zero landlord responsibility and has a size of 2540 square feet.

Key Highlights

• High‑Traffic Location: Surrounded by major retailers like Walmart, Home Depot, and Costco in a newly constructed shopping center.
• Strong Co‑Tenancy: Located alongside Valvoline, Starbucks, Chipotle, Marriot, and a Tesla Super Charging Station.
• Zero Landlord Responsibility: Offers a completely hands‑off investment opportunity.

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FAQs

What type of property is this?

Drive through restaurant - 20-Year Ground Leased Wendy's with zero landlord responsibility.

Where is this drive through restaurant located?

The property is located at 1401 & 1551 Kingswood Dr SW Tumwater, WA.

What is the asking price?

The asking price for this property is $2,783,505.

What are key features of this property?

This property features: High‑Traffic Location: Surrounded by major retailers like Walmart, Home Depot, and Costco in a newly constructed shopping center.; Strong Co‑Tenancy: Located alongside Valvoline, Starbucks, Chipotle, Marriot, and a Tesla Super Charging Station.; Zero Landlord Responsibility: Offers a completely hands‑off investment opportunity.