Retail Business for Sale in Auburn, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Auburn, WA 98002

Description

Marcus & Millichap has been selected to exclusively market for sale a high-performing Denny's in Auburn, WA, secured by a brand-new 20-year Absolute Net Lease to be executed at closing. The lease offers long-term, passive cash flow, zero landlord responsibilities, 10% rent escalations every five years, and a guarantee from Awashington, LLC (15 WA locations, $30M+ in annual sales). The restaurant is operated by The Keshap Group — a multi-brand franchisee with 25+ years of experience, 35 Denny's, 16 Papa Johns, and four Dave's Hot Chicken restaurants. This Denny’s ranks in the top 14% of all restaurants in Washington state and top 30% nationally (per Placer.ai). It is situated just off Hwy-18 (88,000+ VPD) at the signalized hard corner of Auburn Way S and 6th St SE (57,000+ VPD). The property was extensively renovated in 2018 to Denny's modern prototype standards and benefits from strong traffic drivers including nearby hotels, the Boeing Auburn plant, and the Outlet Collection — the largest outlet mall in the Pacific Northwest with 5.2 million annual visitors. The site serves approximately 195,000 residents within 5 miles, with average household incomes exceeding $105,000, in income tax-free Washington state. Investment Highlights: • Brand New 20-Year Absolute Net Lease • High-Performing Location | Top 14% in Washington State • 10% Rent Increases Every 5-Years • Strong Franchisee Guarantee and Experienced Multi-Brand Operator • High-Traffic, Signalized Hard Corner Location with Direct Hwy-18 Access (88,000+ VPD) • Extensively Renovated in 2018 Reflecting Denny's Modern Prototype Design • Strategic Location Near Hotels, Casino, Boeing, and The Outlet Collection • Strong, Affluent Demographics

Market Context

This retail in Auburn, WA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 52 days. Compare it against other retail listings for sale in Auburn, WA — <a href="/search/sale/retail/washington/auburn">view the full market</a>.

Contact

Explore this market

Similar Retail Business for Sale in Auburn, WA