INVESTMENT HIGHLIGHTS
BRAND NEW 20-YEAR ABSOLUTE NNN LEASE
A new 20-year Absolute NNN lease will be signed at closing, offering investors a secure, long-term passive income stream with zero landlord responsibilities for management, maintenance, or repairs.
AAA QSR LOCATION
The property benefits from strong visibility and consumer traffic and sits as a corner pad to Sandifur Crossing, a thriving new construction shopping center featuring national retailers such as Grocery Outlet, Planet Fitness, and Dollar Tree.
STRONG UNIT-LEVEL SALES & CONSERVATIVE RENT/SALES RATIO
In 2024, this location did in excess of $2,800,000 in gross sales, well north of Wendy’s AUV (average unit volume) of $2,000,000. Based on the first year’s rent of $200,000, this results in roughly a 7% rent/sales ratio.
STRONG FRANCHISEE GUARANTEE
The store is operated by a successful Wendy’s franchisee with over 80 locations in 11 states. The entity guaranteeing the lease will be Wenspok Resources LLC, the franchisee’s Pacific Northwest operations, which includes 23 restaurants and total store sales volume in excess of $64,000,000 per year (2024).
HIGH-QUALITY 2019 CONSTRUCTION WITH DRIVE-THRU
Built in 2019 as a build-to-suit for Wendy’s, the property features modern construction and efficient design, ensuring long-term durability and operational efficiency.
PRIME RETAIL TRADE AREA
Located on Road 68, one of Pasco’s primary retail corridors, and just minutes from Interstate 182, this high-visibility location enjoys strong daily traffic counts and a strong retail presence.
ATTRACTIVE RENT INCREASES
The lease includes 8.0% rent increases every five years throughout the initial term and all option periods, providing a hedge against inflation.
STRONG/GROWING DEMOGRPAHICS
The area boasts a growing population of 121,083 within a five-mile radius, reflecting an impressive 16.4% increase over the past decade, signaling strong future demand and appreciation potential.
Income Tax Free State
Washington State offers no state income tax, enhancing investor returns and providing an added financial incentive.
Listing Agents:
CLAYTON J. BROWN
Trevor Lane
425.233.9522
trevor.lane@marcusmillichap.com
