Kent Wendy's Ground Lease
25350 Pacific Hwy S Kent, WA 98032
25350 Pacific Hwy S, Kent, WA, 98032
$2,400,000
For Sale
$2,400,000
Absolute net ground lease Wendy's in Kent, WA for sale.
Property Size2,811 SF
Price / SF$853.79
Days on Market98
Property Features for 25350 Pacific Hwy S
General Information
- Standard status
- Active
- Size
- 2,811 SF
- Property subtype
- Restaurant
Listing agency
Seattle Office
(206) 826-5728
Listed by
Dylan Wolf · License #License(s): WA: 20107350
(206) 826-5728
Source
Marcusmillichap
Added: Apr 16 Updated: Jul 10 at 1:15PM Checked: Jul 22 at 2:07AM
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 Seattle Office
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire a 5-year absolute net ground lease Wendy's located in Kent, WA. The lease, guaranteed by Burger Management Systems Washington, Inc., which operates 61 locations in Washington, and operated by WTC Ventures, a Wendy's franchisee with 100 locations across Washington state and British Columbia, has been extended through September 30, 2031, with two additional 5-year options. The lease features 10% rent increases at each renewal and operates under an absolute net ground lease structure, assigning zero responsibilities to the landlord. Originally built-to-suit in 2011 and fully renovated in 2022 to meet Wendy's current prototype standards, the property has been continuously occupied for 15 years. The property is strategically positioned as a pad site to a Fred Meyer location ranked in the top 2% nationally, with 1.7 million annual visits. It is located at a signalized hard corner on Pacific Hwy S/Hwy 509, which sees over 30,000 vehicles per day, at the Fred Meyer shopping center's main entrance. The surrounding area has over 213,000 residents within a 5-mile radius and average household incomes of nearly $108,000.
Key Highlights
- Absolute net ground lease with zero landlord responsibilities, providing a passive income stream.
- Lease guaranteed by Burger Management Systems Washington, Inc. (61 WA locations) and operated by WTC Ventures, a 45+ year Wendy's franchisee with 100 locations.
- Recently exercised 5‑year lease renewal extending through September 30, 2031, with two additional 5‑year options and 10% rent increases at each renewal.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Absolute net ground lease Wendy's in Kent, WA for sale.
Where is this drive through restaurant located?
The property is located at 25350 Pacific Hwy S Kent, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Absolute net ground lease with zero landlord responsibilities, providing a passive income stream.; Lease guaranteed by Burger Management Systems Washington, Inc. (61 WA locations) and operated by WTC Ventures, a 45+ year Wendy's franchisee with 100 locations.; Recently exercised 5‑year lease renewal extending through September 30, 2031, with two additional 5‑year options and 10% rent increases at each renewal.
