905 Douglas Munro Blvd, Cle Elum, WA 98922

Property Details for 905 Douglas Munro Blvd

Year built

2023

Lot size

0.59 lot acres

Property type

Retail properties & Spaces

Description

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.

Location Insight

City

Cle Elum

County

Kittitas

State

Washington

Longitude

-120.957

Latitude

47.1962