658 Oregon Way | Longview, WA 98632
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- LoopNet Team
658 Oregon Way
Longview, WA 98632
Burger King · Retail Property For Sale
Investment Highlights
- Absolute NNN lease provides zero management responsibility.
- Long history of strong performing sales.
- Successful franchisee with 64 Burger Kings under management and more than 130 QSR restaurants in total.
- 16-Years remaining on the primary term with 4, 5-year options to extend.
- Scheduled rent increases of 8% every 5-years, including each option term. With the next scheduled rent increase set to occur on 12/1/2021.
- Drive-thru equipped restaurant completed full remodel in 2018.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,307 SF
Building Class
B
Year Built/Renovated
1999/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.69 AC
Zoning
C02
Parking
35 Spaces (10.58 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0-2148 | Improvements Assessment | $745,300 |
| Land Assessment | $250,560 | Total Assessment | $995,860 |
PROPERTY TAXES
Parcel Number
0-2148
Land Assessment
$250,560
Improvements Assessment
$745,300
Total Assessment
$995,860
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