1401 Kingswood Dr SW Tumwater, WA 98512
20-Year Ground Leased Wendy's with zero landlord responsibility.
Property size:
2,540 SFProperty Features for 1401 Kingswood Dr SW
General Information
- Standard status
- Active
- Size
- 2,540 SF
Source:
Corcoran
Listing Agent: Ryan Haddock
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Ground Leased Wendy's For Sale
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Tumwater
- County
- Thurston
- State
- Washington
- Longitude
- -122.9212977
- Latitude
- 46.9927936
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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 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.