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Subway 109 Interstate Ave

1,334 SF Retail Building Chehalis, WA 98532 £274,155 (£206/SF) 5% Net Initial Yield

Executive Summary

Established national restaurant tenant on a visible freeway location near the exit. This sale includes the building and ground lease, the land is not included. The lessee invested in a major interior upgrade last year. Both the lessee's 5-year renewal options and the ground lease run through 2043. Ownership has been pretty hands-off, tenant pays for everything except the ground lease. Priced at a 5% cap rate for long-term stable income. Feel free to drop in and have lunch. Please do not bother the staff without an appointment. Broker/owner.

Attachments

Interstate ground lease
Interstate 109 22E X
Interstate 109 FIRTPA
Interstate 109 Form 17
Interstate 109 legal
Interstate 109 prelim
Interstate Subway lease only

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,334 SF
Building Class
C
Year Built/Renovated
2003/2023
Price
£274,155
Price Per SF
£206
Net Initial Yield
5%
NOI
£13,708
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
0.30 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CF - Freeway commercial
Frontage
85 ft on Interstate Avenue

Amenities

  • Freeway Visibility
  • Signage
  • Wheelchair Accessible
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum -
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Nearby Major Retailers

Denny's
Safeway
Starbucks
Chase Bank

PROPERTY TAXES

Parcel Number 005871-072-009 Improvements Assessment £413,134
Land Assessment £179,572 Total Assessment £592,706

PROPERTY TAXES

Parcel Number
005871-072-009
Land Assessment
£179,572
Improvements Assessment
£413,134
Total Assessment
£592,706
(360) 269-2593

Contact

  • Scott Horner
    Scott Horner
  • On Point Real Estate

  • Listing ID: 34160163

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 109 Interstate Ave, Chehalis, WA 98532

The Retail Property at 109 Interstate Ave, Chehalis, WA 98532 is currently available for sale. Contact On Point Real Estate for more information.

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109 Interstate Ave, Chehalis, WA for sale Primary Photo- Image 1 of 2
Interstate 109 front photo

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Subway | 109 Interstate Ave
(360) 269-2593 x

Subway | 109 Interstate Ave

Scott Horner

(360) 269-2593

(360) 269-2593

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