Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    600 Trosper Rd SW Tumwater Tumwater, WA 98512

    For Sale
    $4,290,000

    Denny's restaurant in Tumwater, WA with a new 20-year lease.

    Property Features for 600 Trosper Rd SW Tumwater

    General Information

    Standard status
    Active

    Building Details

    Year built
    1976

    Source: MARCUS & MILLICHAP, INC. Agent CLAYTON BROWN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Performing Denny's Restaurant For Sale

    A high-performing Denny’s restaurant in Tumwater, WA, is available for sale. The property is secured by a brand-new 20-year Absolute Net Lease, to be executed at closing. The lease provides long-term, passive cash flow with no landlord responsibilities, and includes 10% rent increases every five years throughout the initial term and option periods. The restaurant is operated by The Keshap Group, a multi-brand operator with over 25 years of experience. This group operates 35 Denny’s restaurants across six states, 19 Papa John’s in Washington state, a Dave’s Hot Chicken restaurant with more in development, and soon the first Gong Cha in the Pacific Northwest. The lease will be operated and guaranteed by Awashington, LLC, which operates 16 Denny’s locations in Washington state generating annual sales exceeding $25 million. The location is ranked in the top 12% of all locations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.9145874
    Latitude
    47.0006162

    Nearby Similar for Sale

    • $13,055,000

      Olympia Class A Commercial Building

      51,600 SF Class A building in a thriving business corridor.
      6300 Linderson Way SW, Tumwater, WA 98501
      View Details
    • $109,900
      1,358 SF

      Spacious Home in 55+ Community

      Move-in ready 2 bed, 2 bath home in Tumwater.
      930 Trosper Rd SW, Tumwater, WA 98512
      View Details
    • $399,000
      2,227 SF

      Updated Condo with Lake Views

      Move-in ready condo featuring new appliances and lake access.
      1500 Lake Park Dr SW, Tumwater, WA 98512
      View Details
    • $6,300,000

      Tumwater Warehouse with Mezzanine

      Steel-framed warehouse with mezzanine, retail environment, and ample parking.
      7960 Center St SW, Tumwater, WA 98501
      View Details
    • $1,950,000
      9,654 SF

      Versatile Building with Existing Tenant

      Adaptable building suitable for school, medical, or office use.
      1625 Mottman Rd SW, Tumwater, WA 98512
      View Details
    • $2,550,000
      16,000 SF

      Two Light Industrial Warehouses

      Two 8,000 SF light industrial warehouses in Tumwater, WA.
      2407 50 Ave SW, Tumwater, WA
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Denny's restaurant in Tumwater, WA with a new 20-year lease.
    Where is this breakfast & diner located?
    The property is located at 600 Trosper Rd SW Tumwater Tumwater, WA.
    What is the asking price?
    The asking price for this property is $4,290,000.
    What are key features of this property?
    This property features: - Brand-new 20-year Absolute Net Lease offers long-term, passive cash flow.; - Enjoy zero landlord responsibilities under the Absolute Net Lease.; - Lease guaranteed by Awashington, LLC, operating 16 Denny’s locations in Washington with $25M+ annual sales.
    Request Owner's contact information
    600 Trosper Rd SW Tumwater Tumwater, WA 98512
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Trosper Rd SW Tumwater
    Tumwater, WA 98512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    600 Trosper Rd SW Tumwater Tumwater, WA 98512
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.