Woodland, WA - Wendy's

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, Wendy’s investment property located in Woodland, Washington. The tenant, Wendy’s Properties, LLC recently signed a brand new 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The Wendy’s is located adjacent to Interstate 5, a major north/south travelling highway avaeraging 64,000 vehicles passing by daily. Interstate 5 is a major commuter highway serving the city of Woodland. The building benefits from excellent visibility via significant street frontage along Interstate 5. Additionally, the site features brand new construction and has a state-of-the-art design using high quality materials. The asset is located just across the highway from Woodland Shopping Center, a 67,000 square foot shopping center with major tenants including Grocery Outlet, Ace Hardware, and more. Furthermore, the property features a strong direct consumer base with nearby multi family communities including Woodland Meadows Apartments (78 Units), Jefferson Place Apartments (112 Units), and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Safeway, O’Reilly Auto Parts, and more, further increasing consumer traffic to the site. Strong tenant synergy promotes crossover shopping to the subject property. The 5-mile trade area is supported by a population of over 27,400 with an affluent average household income of $118,053.

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Listing ID: a28TP000002BjALYA0