Ground Leased Wendy's For
For Sale
$2,783,505
1401 & 1551 Kingswood Dr SW, Tumwater, WA 98512
20-Year Ground Leased Wendy's with zero landlord responsibility.
Property Size2,540 SF
Price / SF$1,095
Days on Market481
Property Features for 1401 & 1551 Kingswood Dr SW
General Information
Standard status
Active
Size
2,540 SF
Listing Agency:
KIDDER MATHEWS
(360) 596-9151
Listed By:
RYAN HADDOCK · License #23080
Source:
Corcoran
Added: May 6, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KIDDER MATHEWS
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 98512, WA
31,422
Population
13,216
Households
2.4
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
138.7 sq mi
ZIP Area
227
Density / Sq Mi
$93,738
Median Household Income
$56,673
Median Earnings
$1,655
Median Rent
$438,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
