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 size

2,589 SF

Property type

Retail properties

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