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Wendy’sAERIAL PHOTOGRAPH
FIRST WESTERN PROPERTIES-TACOMA, INC.
Property Name: Wendy’s Old Fashioned Hamburgers
Address: 1022 E Wishkah Street, Aberdeen, WA 98520
Opportunity Type: Investment
Total Building Area: 3,315 square feet
Year Built: 2016
Total Land Area: 0.48 Acres/21,000 square feet
Jurisdiction: Grays Harbor County
Parcel Number: 010102200600
Asking Price: $1,875,000
Cap Rate: Sub 4.5%
Wendy’sEXECUTIVE SUMMARY
FIRST WESTERN PROPERTIES-TACOMA, INC.
ShadowAnchored
by Walmart, Tractor Supply & Ross Dress
For Less
Strong Mixof National,
Regionaland Local Tenants
Long Term Lease in
Place
The Wendy’s Company is the world’s third largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Com-pany restaurants in the U.S. and 29 other countries and U.S. territories world-wide.
Our VisionWhen everyday people sort through all the ‘spin’ there is one quick-service restaurant that is ‘A Cut Above’… that’s Wendy’s … we stand for honest food … higher quality, fresh, wholesome food … prepared when you order it … pre-pared by Wendy’s kind of people … people that believe this is My Wendy’s … we do it Dave’s Way … we don’t cut corners.
All information contained herein was prepared from information provided by the Owner of the property and neither First Western Properties, Inc. nor Owner makes any representation or warranties as to the accuracy or completeness of the information. The
Buyer is strongly adviced to independently review all of the Due Dilligence Materials and consult with their own independent counsel in orderto determine the detail and accuracy.
Rent Roll
FINANCIAL INFORMATION
FIRST WESTERN PROPERTIES-TACOMA, INC.
Term 15 Years (Ending December 31, 2031)
Renewal Options Options 4-5 Year Options
Annual Rent through 12/31/21 $84,000 per Year
Annual Rent through 12/31/26 $92,400 per Year
Annual Rent through 12/31/31 $101,640 per year
Renewal Option 1 $111,804 per Year
Renewal Option 2 $122,984.40 per Year
Renewal Option 3 $135,282.84 per Year
Renewal Option 4 $148,811.12 per Year
Foreign Direct InvestmentREGIONAL AREA INFORMATION
FIRST WESTERN PROPERTIES-TACOMA, INC.
The Northwest region is built on the strength of industriescompeting in the knowledge-and international-based econ-omy. In fact, foreign investment accounts for 3.7% of the state’s private industry employment with foreign-controlled businesses employing over 91,000 Washington workers. Com-bine that with the superb quality of life in the Pacific North-west, a world-class arts scene, professional sports teams, and culinary delights from some of the country’s top chefs, and you’ve got a great place to do business where your employees will be happy to call “home.”
Our Region’s Strengths Include» Strategic location with regard to the Pacific Rim» Nonstop international flights» Deep-water ports» Reliable transportation connection to the rest of the U.S.» Well-educated population» Strong business climate» Vibrant international communities» Vast experience in international trade
Washington State, By the NumbersREGIONAL AREA INFORMATION
FIRST WESTERN PROPERTIES-TACOMA, INC.
11.4% of Washington State jobs tied to the tech economy, the highest concentration in the US
#1 Washington state’s ranking on the TechNet state Broad-band Index, due primarily to the strong orientation of our economy to information and communication technology and the number of companies focused on app development
#4 Seattle’s rank as a global startup hub, beating out New York City and Boston, due to the number of startups created, the talent pool, and infrastructure
#3 Washington State’s rank in the latest “State New Economy Index” published by the Information Technology and Innova-tion Foundation, based on our economy’s reliance on innova-tion
Population 1 Mile Radius 3 Mile Radius 5 Mile Radius
Estimated Population (2017) 7,038 19,223 27,853
Households
Estimated Households (2017) 2,951 7,782 11,435
Daytime Demographics
Total Businesses (2017) 573 1,179 1,521
Total Employees (2017) 4,893 10,989 13,537
Adjusted Daytime Demographics <16 7,529 17,944 23,927
Location & DemographicsLOCATION INFORMATION
FIRST WESTERN PROPERTIES-TACOMA, INC.
ABERDEEN, WA
The City of Aberdeen is located in Grays Harbor County on the south-ern edge of the Olympic Peninsula at the convergence of the Wishkah and Chehalis Rivers.
The history of this area has been driven by the logging and fishing industries, although in the last few years there has been a concerted effort to replace these with an em-phasis on tourism and designating Aberdeen as the largest retail center on the Washington Coast.