205 Kelso Dr, Kelso, WA 98626
3,762 SF | Retail Building | Kelso, WA 98626 | $3,250,625 ($864/SF) | 6.50% Cap Rate
For Sale
Active
Asking Price $3,250,625
- Property Type
-
Retail, Restaurant
- Square Feet
- 3,762 SF
- Price / Square Foot
- $864
Listing Contacts
Glen Kunofsky
Matthew Anuszkiewicz
Francis Purritano
Walker Stevens
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Shari’s Restaurant located
at 205 S Kelso Dr. in Kelso, Washington. The site consists of roughly 3,762 rentable square
feet of building space on an estimated 0.77-acre parcel of land. This Shari’s Restaurant is
subject to a 20-year absolute triple-net (NNN) lease, which has approximately 16.5 years of
lease term remaining. The annual rent is $211,291 as of the October rental increase and is
scheduled to increase by 1.75% annually throughout the base term and in the 1, 5-year
renewal option
at 205 S Kelso Dr. in Kelso, Washington. The site consists of roughly 3,762 rentable square
feet of building space on an estimated 0.77-acre parcel of land. This Shari’s Restaurant is
subject to a 20-year absolute triple-net (NNN) lease, which has approximately 16.5 years of
lease term remaining. The annual rent is $211,291 as of the October rental increase and is
scheduled to increase by 1.75% annually throughout the base term and in the 1, 5-year
renewal option
Property Details
- Class
- B
- Year Built
- 1982
- Stories
- 1
- Lot Size (sq. ft)
- 33,541 SF
Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- One-and-Three-Quarters Percent (1.75%) Rental Increases Occurring
- One (1), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
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