Chehalis, WA 98532 109 Interstate Avenue SW
$225,000
Presented By: On Point Real Estate and NWMLS
- MLS# 2312353
- 11/21/2024
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
Established national restaurant tenant on a visible freeway location near the exit. This sale includes the building and ground lease, the land is not included. The lessee invested in a major interior upgrade last year. Both the lessee’s 5-year renewal options and the ground lease run through 2043. Ownership has been pretty hands-off, tenant pays for everything except the ground lease. Priced at a 6.6% cap rate for long-term stable income. Feel free to drop in and have lunch. Please do not bother the staff without an appointment. Broker/owner.
Presented By: On Point Real Estate and NWMLS
Interior Features for 109 Interstate Avenue SW
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringConcrete, Vinyl
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
General for 109 Interstate Avenue SW
Building Area UnitsSquare Feet
Cap Rate6.6
Carport Y/NNo
CityChehalis
CoolingHeat Pump
CountyLewis
DirectionsExit 76 from I-5. Sign in SE quadrant.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingHeat Pump
Insurance Expense2687
Listing TermsCash Out, Conventional
Lot Size Square Feet12632
Lot Size UnitsSquare Feet
MLS Area430 – Chehalis
ModificationTimestamp2025-09-23T23:13:10.423Z
NWM_ShowMapLinkY
Net Operating Income14749
Number Of Units Total1
PossessionClosing
Possible UseCommercial
Property ConditionVery Good
Property Style75 – Retail
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksEstablished 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 interio
RoofMetal
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeRetail
Subdivision NameChehalis
Tax Annual Amount0
Tax Year2024
TopographyLevel
Total Actual Rent3000
Water CompanyCity
Water Sewer Garbage0
Year Built2003
Zoning DescriptionCommercial
Exterior for 109 Interstate Avenue SW
Building Area Total
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Dimensions85X150
Lot Size Acres0.29
Parking Uncovered Total16
Site Frontage85
Total Parking16
Water SourcePublic
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®