Listed by On Point Real Estate
$250,000
Est. payment /mo
0.29 Acres Lot
Active
109 Interstate AVE SW Chehalis, WA 98532
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Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Chehalis
MLS Listing ID 2312353
Style 75 - Retail
Year Built 2003
Lot Size 0.290 Acres
Lot Dimensions 85X150
Property Sub-Type Commercial Industrial
Property 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 7% 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.
Location
State WA
County Lewis
Area 430 - Chehalis
Interior
Flooring Concrete, Vinyl
Fireplace false
Exterior
Exterior Feature Wood
Roof Type Metal
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.