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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

905 Douglas Munro Blvd Cle Elum, WA 98922

2,589 SF 0.59 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a newly constructed Wendy's restaurant in Cle Elum, WA, situated at the I-90 on/off-ramp. The property boasts a 2,589 square foot building on a 0.59-acre lot, featuring 26 parking spaces. The property is a Class A, single-tenant, net lease (NNN) investment with a ground lease structure. The current lease with Wendy's, a highly reputable brand, extends until November 26, 2043, offering a substantial remaining term of 19 years. The lease includes a favorable 10% rent increase every five years, ensuring consistent income growth. The property's Net Operating Income (NOI) is $125,000, resulting in a 4.85% cap rate. The asking price is $2,580,000. This location benefits from high visibility and traffic volume due to its proximity to I-90, a major thoroughfare connecting Seattle to Spokane and the Tri-Cities. Across the street is a top-performing Safeway and fuel station, further validating the location's desirability. The property's proximity to Suncadia Resort, a premier golf resort, also contributes to its strong market position. This is a rare opportunity to acquire a stable, high-performing, and low-maintenance investment property with significant long-term growth potential. The tenant is one of the largest Wendy's franchisees in Washington, operating approximately 98 units, demonstrating financial strength and operational expertise. The below-market rent further mitigates turnover risk, providing additional investment protection. This is a turnkey investment with minimal landlord responsibilities.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2023
Total area 2,589 SF
Lot 0.59 ac (25,700 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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