109 Interstate Avenue SW
Chehalis, WA 98532
0.29 acres | #2312353
Description
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 5% 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.
Property Details
- Property SubtypeCommercial Industrial
- Date ListedNovember 21, 2024
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Style75 - Retail
- Property ConditionVery Good
- InteriorConcrete
- Property TypePurchase
- SubdivisionChehalis
- Original List Price$350,000
- MLS #2312353
- MLS #2312353
- Utility SourcePublic
- Cost350000
- Structure TypeRetail
- CountyLewis
- Exterior MaterialsWood
- Acres0.29
- Year Built2003
- Days on Market (Cumulative)35
- Taxes Annual$0
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-19 17:57:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Scott Horner (#NWM6310)
Listing Office: On Point Real Estate (#NWM9144)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
