FOR SALE WENDY S 1022 E WISHKAH, ABERDEEN, WA TIM WEBER (253)
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1 FOR SALE WENDY S 1022 E WISHKAH, ABERDEEN, WA TIM WEBER (253) tweber@firstwesternproperties.com
2 AERIAL PHOTOGRAPH Wendy s
3 EXECUTIVE SUMMARY Wendy s Property Name: Wendy s Old Fashioned Hamburgers Address: 1022 E Wishkah Street, Aberdeen, WA 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: Asking Price: $1,875,000 Cap Rate: Sub 4.5% Long Term Lease in Place Shadow Anchored by Walmart, Tractor Supply & Ross Dress For Less Strong Mix of National, Regional and Local Tenants 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 Company restaurants in the U.S. and 29 other countries and U.S. territories worldwide. Our Vision When 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 prepared 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.
4 FINANCIAL INFORMATION Rent Roll Term 15 Years (Ending December 31, 2031) Renewal Options Options Annual Rent through 12/31/21 Annual Rent through 12/31/26 Annual Rent through 12/31/31 Renewal Option 1 Renewal Option 2 Renewal Option 3 Renewal Option Year Options $84,000 per Year $92,400 per Year $101,640 per year $111,804 per Year $122, per Year $135, per Year $148, per Year 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.
5 REGIONAL AREA INFORMATION Foreign Direct Investment The Northwest region is built on the strength of industries competing in the knowledge-and international-based economy. 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. Combine that with the superb quality of life in the Pacific Northwest, 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
6 REGIONAL AREA INFORMATION Washington State, By the Numbers 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 Broadband 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 Innovation Foundation, based on our economy s reliance on innovation
7 LOCATION INFORMATION Location & Demographics 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 ABERDEEN, WA The City of Aberdeen is located in Grays Harbor County on the southern 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 emphasis on tourism and designating Aberdeen as the largest retail center on the Washington Coast.
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