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 6% 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.
MLS# | 2312353 |
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Listing Type | For Sale |
Style | Commercial |
Sub-Type | Resale |
Status | Active |
Year | 2003 |
Days On Site | 151 |
Listing Provided By | On Point Real Estate | Scott Horner |
Units | 1 |
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Zoning | Commercial |
Acreage | 0.29 |
State | WA |
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County | Lewis |
City | Chehalis |
Zip Code | 98532 |
Area | 430 Chehalis |
Community Name | Chehalis |
Listing VS Median (In Chehalis) | |
Price: $290,000 low | high Med: $444,500 On site: 151 low | high Med: 70.000000 |