Wendy's 4300 Wheaton Way

Investment Highlights

Executive Summary

MAJ Commercial Real Estate is excited to present an investment opportunity to acquire a single-tenant ground lease property in Bremerton, WA. This property is leased to Wendy?s on a brand new 20-year initial term that commenced on March 22, 2024. The lease features a 10% rent increase every five years, including during the tenant?s option periods, ensuring a steady and growing income stream. Situated within the newly revitalized Bremerton Station Shopping Center, Wendy?s benefits from a high-traffic location with prominent co-tenants such as Floor and D?cor, Planet Fitness, Grocery Outlet, Chipotle, and Wilco.

• Sale Type    Investment
• Sale Condition    Ground Lease (Leased Fee)
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,364
• Year Built    2024
• Price    2,695,000
• Price Per SF    1,140
• Cap Rate    4.27
• NOI    115,000
• Percent Leased    100
• Building Height    1 Story