Retail Business for Sale in Kent, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Kent, WA 98032

Description

Marcus & Millichap has been selected to exclusively market for sale a 5-year absolute net ground lease Wendy's in Kent, WA. Wendy's just exercised a 5-year lease renewal extending the lease through September 30, 2031, with two additional 5-year options and 10% rent increases at each renewal — all under an absolute net ground lease with zero landlord responsibilities. The lease is guaranteed by Burger Management Systems Washington, Inc. (61 WA locations), and operated by WTC Ventures, a 45+ year Wendy's franchisee with 100 locations across Washington state and British Columbia. Built-to-suit in 2011 and fully renovated in 2022 to Wendy's current prototype, the site reflects 15 years of continuous occupancy and long-term tenant commitment. The property is a pad to a top 2% nationally ranked Fred Meyer (1.7M annual visits, per Placer.ai) and is situated at a signalized hard corner on Pacific Hwy S/Hwy 509 (30,000+ VPD) at the Fred Meyer shopping center's main entrance. The surrounding trade area includes 213,000+ residents within 5 miles, average household incomes of nearly $108,000, strong population growth — all in income tax-free Washington state. Investment Highlights: • New 5-Year Lease Extension • Absolute Net Ground Lease With Zero Management Responsibility • Strong 100-Unit Franchisee • 2022 Renovation | Modern Wendy's Prototype • 2011 Build-To-Suit | 15-Year Historical Occupancy • Pad to Nationally Top 2% Ranked Fred Meyer (1.7M Annual Visits) • High-Traffic, Signalized Hard Corner Location on Pacific Hwy S (30,000+ VPD) • Dense, Affluent, High-Growth Demographics

Market Context

This retail in Kent, WA is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Kent, WA — <a href="/search/sale/retail/washington/kent">view the full market</a>.

Unified Estimate

Low Confidence

$318.75/SF – $431.25/SF

Mid: $375.00/SF

Rate estimator only; cost-of-business estimate unavailable.

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