658 Oregon Way Longview, WA 98632-1538
Property profile & analytics
658 Oregon Way Longview, WA 98632-1538
- Drive through restaurants
- 3,307 SF
- 0.41 lot acres
Property ID
US90-1256550
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Burger King / Restaurant
Property Details for 658 Oregon Way
- Year built
- 1999
- Lot size
- 0.41 lot acres
- Property size
- 3,307 SF
- Property type
- Drive through restaurants
- APN
- 2148
- APU
- 2148
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Burger King property located at 658 Oregon Wy, Longview, WA 98632. The 3,307 square foot building, constructed in 1999 and fully remodeled in 2018, sits on a 30,057 square foot lot and includes 35 parking spaces and a drive-thru. The lease with the franchisee, a successful operator of over 200 QSR restaurants, extends until November 29, 2036, offering approximately 12 years remaining with four, five-year renewal options, each including an 8% rent increase. The next rent increase is scheduled for June 1, 2027. This property boasts a strong sales history and benefits from its strategic location off Highway 432, connecting I-5 to the Washington and Oregon coasts. The asking price is $3,490,000, representing a 6.00% cap rate. This is a truly passive investment opportunity with no landlord responsibilities due to the absolute NNN lease structure. The property's consistent performance and built-in rent escalations make it an attractive addition to any portfolio. This is a rare chance to acquire a well-established, high-performing Burger King in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Longview
- County
- Cowlitz
- State
- Washington
- Longitude
- -122.941
- Latitude
- 46.1259
- CBSA code
- 31020
- CBSA name
- LONGVIEW, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,814
$250,560
$745,300
$995,860
-
$250,560
$745,300
$995,860
