Freestanding QSR with
For Sale
$1,500,000
777 E Parks Hwy, Wasilla, AK 99654
Built-out freestanding restaurant includes an operating kitchen, grease interceptor, and drive-through lane.
Property Size3,576 SF
Lot Size0.50 Acres
Price / SF$419.46
Days on Market197
Property Features for 777 E Parks Hwy
General Information
Standard status
Active
Size
3,576 SF
Lot size
0.50 Acres
Property subtype
Commercial
Site & Location
Traffic Count
38,000 vehicles/day
Highway Access
Yes
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Business Included
Yes
Listing Agency:
Jack White Commercial
Listed By:
Andrew Ingram · License #AK17954
(907) 563-5500
Source:
Seehomesinalaska
Added: Apr 2
Changed: Oct 1
Last Checked: Oct 14 at 11:49PM
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 Jack White Commercial
Investment Insights
Based on property information with market context.
This freestanding QSR restaurant is offered as a built-out, turn-key, second-generation space with a drive-through. The 3,576 SF building includes key restaurant infrastructure such as kitchen hoods and fire suppression, a grease interceptor, walk-in cooler and freezer, plumbing and floor drains, and a drive-through lane already in place.
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,943
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,860
$1.1M
Cap Rate 7%
$756,329
$756.3K
Cap Rate 9%
$588,256
$588.3K
Market Conditions
NOI Build-Up for 3,576 SF
Gross rent
$75.1K $21.00/SF
− Vacancy
−$4.5K −$1.26/SF
EGI
$70.6K $19.74/SF
− OpEx
−$17.6K −$4.94/SF
NOI
$52.9K $14.81/SF
Area
Matanuska-Susitna County, AK
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,860
Cap Rate 7%
$756,329
Cap Rate 9%
$588,256
Alternative Uses
Best Use
Specialty Retail
$756.3K
$661.8K – $882.4K
NOI $52,943 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$26.44M
$23.13M – $30.84M
NOI $1,850,577 @ 7.0% cap · market cap 123.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
38,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Demographics for 99654, AK
40,726
Population
17,006
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
95%
High-School Grad
113.6 sq mi
ZIP Area
359
Density / Sq Mi
$93,739
Median Household Income
$53,748
Median Earnings
$1,233
Median Rent
$342,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Built-out freestanding restaurant includes an operating kitchen, grease interceptor, and drive-through lane.
Where is this drive through restaurant located?
The property is located at 777 E Parks Hwy Wasilla, AK.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 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
