Burger King | 658 Oregon Way
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Burger King 658 Oregon Way
3,307 SF Retail Building Longview, WA 98632 $3,490,000 ($1,055/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN lease provides zero management responsibility
- Strong history of high-performing sales
- Successful franchisee with over 200 QSR restaurants
- Approximately 12 years remaining with four, five-year extension options
- Scheduled rent increases of 8% every five years with the next scheduled rent increase to occur on 6/1/2027
- Fully remodeled in 2018 and equipped with a drive-thru
Executive Summary
The Offering provides the opportunity to acquire a Burger King drive-thru in Longview, Washington, with approximately 12 years remaining on an absolute net lease. The Property underwent a complete remodel in 2018 and is operated by an experienced franchisee overseeing approximately 200 quick-service restaurants. The lease provides scheduled rent escalations of 8% every five years, including at the beginning of each of the four, five-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,307 SF
Building Class
B
Year Built/Renovated
1999/2018
Price
$3,490,000
Price Per SF
$1,055
Cap Rate
6%
NOI
$209,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
0.69 AC
Opportunity Zone
Yes
Zoning
C02
Parking
35 Spaces (10.58 Spaces per 1,000 SF Leased)
Nearby Major Retailers
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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Sean Mack -
Power Broker Sean Tufts -
Northmarq
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Burger King | 658 Oregon Way
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