Drive-Through Restaurant Ground
For Sale
Contact for pricing
Pending
805 Grant Ave, Blaine, WA 98230
Operating Taco Bell occupies a recently opened site under a long-term ground lease with scheduled rent escalations.
Property SizeContact for details
Days on Market141
Property Features for 805 Grant Ave
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2022
Listing Agency:
Northmarq
Listed By:
Sean Mack · License #OR 990100161
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 3:45PM
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 Northmarq
Investment Insights
Based on property information with market context.
This offering consists of a ground lease supporting a Taco Bell double drive-through restaurant at 805 Grant Ave in Blaine, Washington. The restaurant opened in December 2022 and operates under a 25-year lease, with six five-year option periods remaining. Contractual rent increases are scheduled at 10% intervals every five years, including the beginning of each option period.
Grant Avenue sits just off Pacific Highway, which connects to Interstate 5 and carries more than 30,000 vehicles per day. The surrounding development includes an adjacent new McDonald’s and additional development planned within the five-lot project. The lease structure provides an estimated 207-basis-point yield increase over the primary term.
Grant Avenue sits just off Pacific Highway, which connects to Interstate 5 and carries more than 30,000 vehicles per day. The surrounding development includes an adjacent new McDonald’s and additional development planned within the five-lot project. The lease structure provides an estimated 207-basis-point yield increase over the primary term.
Key Highlights
- Double drive‑through Taco Bell opened in December 2022
- 25‑year ground lease with six five‑year options remaining
- 10% rent increases scheduled every five years
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Groceries 21%
Shops & Services 19%
Home Improvements & Furnishings 11%
McDonald's
Dining
14,238 visits/mo
0.2 miles
IGA Market Blaine
Groceries
12,103 visits/mo
0.0 miles
Burger King
Dining
7,099 visits/mo
0.2 miles
Blaine Ace Hardware
Home Improvements & Furnishings
6,240 visits/mo
0.1 miles
Taco Bell
Dining
5,551 visits/mo
0.2 miles
Demographics for 98230, WA
18,754
Population
9,395
Households
2
Avg Household Size
48
Median Age
32%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
441
Density / Sq Mi
$82,716
Median Household Income
$45,603
Median Earnings
$1,255
Median Rent
$467,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Operating Taco Bell occupies a recently opened site under a long-term ground lease with scheduled rent escalations.
Where is this drive through restaurant located?
The property is located at 805 Grant Ave Blaine, WA.
What are key features of this property?
This property features: Double drive‑through Taco Bell opened in December 2022; 25‑year ground lease with six five‑year options remaining; 10% rent increases scheduled every five years
