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Clayton Brown
Direct: (206) 826-5787
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Marcus & Millichap, Inc.
Main: (206) 826-5700
www.marcusmillichap.com
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FOR SALE - Listing #: 711540
Wendy's Restaurant - Kent
23530 - 0 Pacific Hwy S, Kent WA98032
2,811 Available SF 2,811 SF
Agent Remarks
We have been selected to exclusively market for sale a 5-year absolute net ground lease Wendy's in Kent, WA. Wendy's just exercised a 5-year lease renewal extending the lease through September 30, 2031, with two additional 5-year options and 10% rent increases at each renewal — all under an absolute net ground lease with zero landlord responsibilities. The lease is guaranteed by Burger Management Systems Washington, Inc. (61 WA locations), and operated by WTC Ventures, a 45+ year Wendy's franchisee with 100 locations across Washington state and British Columbia. Built-to-suit in 2011 and fully renovated in 2022 to Wendy's current prototype, the site reflects 15 years of continuous occupancy and long-term tenant commitment. The property is a pad to a top 2% nationally ranked Fred Meyer (1.
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County
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King
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Market Area
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Kent
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Tax ID #
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2122049201
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Price
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$ 2,500,000
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Property Details
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Prop Type
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Retail
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# Floors
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1
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Bldg SF
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2,811
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Year Built
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2011
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Land SF
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49,223
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# Bldgs
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1
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Acres
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1.13
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# Parking Spaces
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0
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Office Class
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Informational Links
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