810 5th | Mount Vernon, WA 98273
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- LoopNet Team
810 5th
Mount Vernon, WA 98273
Wendy's · Retail Property For Sale
Investment Highlights
- Ground lease with all improvements built and paid for by the tenant.
- Strategically positioned directly in front of the on-off ramps to I-5, with commuter traffic in excess of 76,000 vehicles per day.
- Part of the station square development that also features a new 7-Eleven and a future Skagit Regional Health.
- 20-Year ground lease with approximate 10% rental increases every 5 years.
- WTC Ventures is a successful Wendy’s Franchisee who currently operates over 80 locations throughout Washington State and British Colombia.
- Absolute NNN Ground Lease with Landlord having no maintenance/repairs responsibilities.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,161 SF
Building Class
B
Year Built
2022
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.52 AC
Zoning
Commercial
Parking
4 Spaces (9.25 Spaces per 1,000 SF Leased)
Frontage
53 ft on South 6th Street
PROPERTY TAXES
| Parcel Number | P134969 | Improvements Assessment | £1,157,694 |
| Land Assessment | £650,117 | Total Assessment | £1,807,810 |
PROPERTY TAXES
Parcel Number
P134969
Land Assessment
£650,117
Improvements Assessment
£1,157,694
Total Assessment
£1,807,810
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