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INVESTMENT HIGHLIGHTS
High-quality 2024 construction built-to-suit Wendy’s which held its grand opening in May 2024, operating on a 20-year ground lease.
10% rent increases scheduled every five years, including at the start of all four, five-year option periods.
Large-scale operator with more than 90 Wendy’s restaurants in Washington and British Columbia.
The Property has great visibility along Canyon View Blvd and Cascadia Blvd East.
Wendy’s is the #5 rated 2023 fast-food chain per QSR Magazine.
Located within the Tehaleh mixed-use community development. Over the next 10 years, Tehaleh will support over 9,700 new homes, 475 acres of employment use, and 1,800 acres of parks and trails.
The site is adjacent to a brand-new 7-Eleven fuel center, near a dental clinic, and across the street from a Kiddie Academy currently in development, next to Donald Eismann Elementary which enrolls over 620 students. The area is also complemented with nearby major retailers including Costco, Walmart Supercenter, Safeway, Planet Fitness and more.
