658 Oregon WayLongview, WA 98632

For Sale
$3,490,000
High-performing Burger King, 12+ years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Burger King property located at 658 Oregon Wy, Longview, WA 98632. The 3,307 square foot building, constructed in 1999 and fully remodeled in 2018, sits on a 30,057 square foot lot and includes 35 parking spaces and a drive-thru. The lease with the franchisee, a successful operator of over 200 QSR restaurants, extends until November 29, 2036, offering approximately 12 years remaining with four, five-year renewal options, each including an 8% rent increase. The next rent increase is scheduled for June 1, 2027. This property boasts a strong sales history and benefits from its strategic location off Highway 432, connecting I-5 to the Washington and Oregon coasts. The asking price is $3,490,000, representing a 6.00% cap rate. This is a truly passive investment opportunity with no landlord responsibilities due to the absolute NNN lease structure. The property's consistent performance and built-in rent escalations make it an attractive addition to any portfolio. This is a rare chance to acquire a well-established, high-performing Burger King in a prime location.

Highlights

  • $3,490,000 asking price for a Burger King property.
  • Triple-net (NNN) lease with no landlord responsibilities.
  • Approximately 12 years remaining on the lease, with four 5-year options.
  • Strong sales history.
  • 8% rent increases every five years, next increase June 1, 2027.
  • Successful franchisee operating over 200 QSRs.

Property Details for 658 Oregon Way

Property type
Retail properties
Square Feet
3,307 SF
Year Built/Renovated
1999/2018
Buildings
1
Stories
1

Location Insight

City
Longview
County
Cowlitz
State
Washington
Latitude
46.126172644071
Longitude
-122.94114053172
658 Oregon Way, Longview, Washington

FAQs

What type of property is this?
Retail property - High-performing Burger King, 12+ years remaining.
Where is the retail property located?
The property is located at 658 Oregon Way Longview, WA.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: $3,490,000 asking price for a Burger King property.; Triple-net (NNN) lease with no landlord responsibilities.; Approximately 12 years remaining on the lease, with four 5-year options.
How can I contact the broker?
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658 Oregon Way
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