Property profile

658 Oregon Way Longview, WA 98632

OFF-MARKET
Drive through restaurants
Property ID
US90-1256550
3,307 SF 0.41 ac lot Built 1999
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1999
Total area 3,307 SF
Lot 0.41 ac (17,860 SF)
APN 2148
UPID US90-1256550

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

658 Oregon Way Longview, WA 98632-1538
Longview metro Census 980000 LONGVIEW, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$180k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2025
$3.2M
2023
Price N/A
2020
Price N/A
2018
Price N/A
2007
Price N/A
1999
$223,200

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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