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Restaurant

Subway/Papa Murphy's Portfolio | Clarkston, Prosser, Yakima

1607 W Lincoln Ave, Yakima, WA 98902

Listing Price: $1,950,000

Cap Rate
5.00%
Tenant Name
Subway and/or Papa Murphy's
Years Remaining On Lease
11.2
Guarantor
Local or Regional Franchisee
Rentable SF
5,382
Lease Type
Absolute Net
Rent Per Square Feet
$18.10

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Subway/Papa Murphy’s portfolio located in Eastern Washington. The portfolio consists of three single-tenant buildings located in Clarkston, Prosser and Yakima. All three properties are located in highly visible and desirable commercial locations. The portfolio offers a stable and consistent cash flow with zero landlord responsibilities. All three properties are subject to absolute triple-net leases that have over 11 years of term remaining. Each lease also includes 2% annual rental increases. Offered for sale at $1,899,000, the Subway/Papa Murphy’s portfolio is available for purchase at a 5.13% capitalization rate. The properties are available individually or as a portfolio.

Investment Highlights

  • Geographically concentrated 3-property net-leased portfolio
  • Single-tenant properties in highly visible commercial locations
  • Absolute triple-net leases - Zero landlord responsibilities
  • 2% annual rental increases

Exclusively Listed By

Restaurant

Subway/Papa Murphy's Portfolio | Clarkston, Prosser, Yakima

Listing Price: $1,950,000

Cap Rate
5.00%
Tenant Name
Subway and/or Papa Murphy's
Years Remaining On Lease
11.2
Guarantor
Local or Regional Franchisee
Rentable SF
5,382
Lease Type
Absolute Net
Rent Per Square Feet
$18.10

Investment Highlights

  • Geographically concentrated 3-property net-leased portfolio
  • Single-tenant properties in highly visible commercial locations
  • Absolute triple-net leases - Zero landlord responsibilities
  • 2% annual rental increases

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Subway/Papa Murphy’s portfolio located in Eastern Washington. The portfolio consists of three single-tenant buildings located in Clarkston, Prosser and Yakima. All three properties are located in highly visible and desirable commercial locations. The portfolio offers a stable and consistent cash flow with zero landlord responsibilities. All three properties are subject to absolute triple-net leases that have over 11 years of term remaining. Each lease also includes 2% annual rental increases. Offered for sale at $1,899,000, the Subway/Papa Murphy’s portfolio is available for purchase at a 5.13% capitalization rate. The properties are available individually or as a portfolio.

Exclusively Listed By

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