Wendy’s Absolute Net Ground
25350 Pacific Hwy S Kent, WA 98032
For Sale
Contact for pricing
5-year absolute net ground lease Wendy’s on a pad site at the main entrance of a Fred Meyer shopping center.
Property Size2,811 SF
Price / SF$889.36
Days on Market101
Property Features for 25350 Pacific Hwy S
General Information
- Standard status
- Active
- Size
- 2,811 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing Agency:
Marcus & Millichap - Seattle
Listed By:
Dylan Wolf · License #WA134386
Source:
Crexi
Added: Apr 15
Changed: Jul 23
Last Checked: Jul 23 at 9:50AM
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 Marcus & Millichap - Seattle
Investment Insights
Based on property information with market context.
This offering features an absolute net ground lease for a Wendy’s located on a pad site within the Fred Meyer shopping center. The ground lease was renewed to extend through September 30, 2031, with two additional five-year options and 10% rent increases at each renewal. The lease is described as an absolute net ground lease with zero landlord responsibilities, and it is guaranteed by Burger Management Systems Washington, Inc. The property reflects built-to-suit construction in 2011 and a full renovation in 2022 to Wendy’s current prototype.
The site is positioned at a signalized hard corner on Pacific Hwy S/Hwy 509 at the shopping center’s main entrance. The remarks also note 30,000+ VPD on Pacific Hwy S/Hwy 509 and continuous occupancy supported by long-term tenant commitment.
The current tenant is operated by WTC Ventures, a Wendy’s franchisee with locations across Washington state and British Columbia, and the property is presented for sale as a long-term ground lease asset.
The site is positioned at a signalized hard corner on Pacific Hwy S/Hwy 509 at the shopping center’s main entrance. The remarks also note 30,000+ VPD on Pacific Hwy S/Hwy 509 and continuous occupancy supported by long-term tenant commitment.
The current tenant is operated by WTC Ventures, a Wendy’s franchisee with locations across Washington state and British Columbia, and the property is presented for sale as a long-term ground lease asset.
Key Highlights
- 5‑year absolute net ground lease Wendy’s built‑to‑suit in 2011, fully renovated in 2022 to current prototype
- Tenant exercised lease renewal extending through September 30, 2031, with two additional 5‑year options and 10% rent increases at each renewal
- Lease is absolute net with zero landlord responsibilities; guaranteed by Burger Management Systems Washington, Inc.
Property Analytics
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
FAQs
What type of property is this?
Conventional restaurant - 5-year absolute net ground lease Wendy’s on a pad site at the main entrance of a Fred Meyer shopping center.
Where is this conventional 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 $2,500,000.
What are key features of this property?
This property features: 5‑year absolute net ground lease Wendy’s built‑to‑suit in 2011, fully renovated in 2022 to current prototype; Tenant exercised lease renewal extending through September 30, 2031, with two additional 5‑year options and 10% rent increases at each renewal; Lease is absolute net with zero landlord responsibilities; guaranteed by Burger Management Systems Washington, Inc.
