777 E Parks Highway Wasilla, AK 99654
Built-out freestanding restaurant includes an operating kitchen, grease interceptor, and drive-through lane.
Property Features for 777 E Parks Highway
General Information
- Standard status
- Active
- Size
- 3,576 SF
- Lot size
- 0.50 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing office Jack White Commercial (907) 563-5500
Listing date Jul 4, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Jack White Commercial
Investment Insights
Based on property information with market context.
The property is located at 777 E Parks Highway in Wasilla within the Lakewood Business Park, positioned alongside McDonald’s and NAPA. Public remarks note approximately 38,000 vehicles per day on Parks Highway, supporting visibility and ongoing retail demand along the corridor.
For investors or owner-users, the site is being offered for sale with the option for lease, with the restaurant configuration designed to reduce buildout time compared to starting from shell condition.
Key Highlights
- Built in 2002: 3,576 SF freestanding QSR restaurant with drive‑through at 777 E Parks Highway in Wasilla
- 0.50‑acre pad in the Mat‑Su Valley primary retail corridor
- Second‑generation build‑out includes kitchen hoods and fire suppression, plus grease interceptor and floor drains
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.1k | $21.00 |
| − Vacancy | −$4.5k | −$1.26 |
| EGI | $70.6k | $19.74 |
| − OpEx | −$17.6k | −$4.94 |
| NOI | $52.9k | $14.81 |
