Wendy's Absolute Net Lease
New
For Sale
$2,785,000
2311 W Court St, Pasco, WA 99301
Wendy's property with a new 20-year absolute net lease and scheduled interior and infrastructure renovation.
Property Size2,419 SF
Price / SF$1,151
Days on Market2
Property Features for 2311 W Court St
General Information
Standard status
Active
Size
2,419 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Additional Details
Cap Rate
5.75%
Highway Access
Yes
Amenities
Brand New 20-Year Absolute Net Lease
Strong Franchisee Guarantee
Ideal QSR Location
2027 Interior + 2025 Exterior Remodel
Established Location w/ Nearly 50 Years of Operating History
Prime Retail Trade Area
Attractive Rent Increases
Robust/Growing Demographics
Building Details
Building Size
2,419 SF
Year Built
1977
Listed By:
Clay Brown · License #License(s): WA: 123258, ID: SP56979
(206) 826-5787
Source:
Marcusmillichap
Added: Sep 12
Last Checked: Sep 12 at 2:50PM
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 Clay Brown
Investment Insights
Based on property information with market context.
This Wendy's restaurant property is subject to a new 20-year absolute net lease to be signed at closing, with zero landlord responsibilities. The lease includes 8.0% rent increases every five years during the initial term and option periods, and is guaranteed by Wenspok Resources LLC. The building was originally built to suit Wendy's in 1977 and has operated for nearly 50 years.
An exterior remodel was completed in 2025, while a full interior and infrastructure renovation is scheduled for 2027. Planned work includes an updated dining area, new kitchen equipment, and pipe replacement. The property is located at 2311 W Court St in Pasco, Washington, on a hard corner near Interstate 182 and Hwy 395. Nearby national quick-service restaurant operators include McDonald's, Taco Bell, Burger King, KFC, and Jack in the Box. The surrounding trade area includes more than 151,000 people within five miles.
An exterior remodel was completed in 2025, while a full interior and infrastructure renovation is scheduled for 2027. Planned work includes an updated dining area, new kitchen equipment, and pipe replacement. The property is located at 2311 W Court St in Pasco, Washington, on a hard corner near Interstate 182 and Hwy 395. Nearby national quick-service restaurant operators include McDonald's, Taco Bell, Burger King, KFC, and Jack in the Box. The surrounding trade area includes more than 151,000 people within five miles.
Key Highlights
- New 20‑year absolute net lease to be signed at closing
- 8.0% rent increases every five years through the initial term and option periods
- Lease guarantee from Wenspok Resources LLC
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
257k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 47%
Electronics 3%
McDonald's
Dining
39,438 visits/mo
0.1 miles
Circle K
Shops & Services
31,655 visits/mo
0.2 miles
Starbucks
Dining
18,023 visits/mo
0.1 miles
Dollar Tree
Shops & Services
17,083 visits/mo
0.2 miles
Taco Bell
Dining
16,121 visits/mo
0.0 miles
Demographics for 99301, WA
85,272
Population
27,700
Households
3.1
Avg Household Size
31
Median Age
21%
College-Educated
77%
High-School Grad
486.3 sq mi
ZIP Area
175
Density / Sq Mi
$82,517
Median Household Income
$41,409
Median Earnings
$1,195
Median Rent
$353,300
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Wendy's property with a new 20-year absolute net lease and scheduled interior and infrastructure renovation.
Where is this nnn property located?
The property is located at 2311 W Court St Pasco, WA.
What is the asking price?
The asking price for this property is $2,785,000.
What are key features of this property?
This property features: New 20‑year absolute net lease to be signed at closing; 8.0% rent increases every five years through the initial term and option periods; Lease guarantee from Wenspok Resources LLC
