Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a 20-year Absolute Net Wendy's in Pasco, Washington. A new 20-year absolute net lease will be signed at closing, providing investors with a fully passive, long-term income stream with zero landlord responsibilities. The lease is guaranteed by Wenspok Resources LLC, the franchisee's Pacific Northwest operations encompassing 22 restaurants and $61.9M+ in annual store sales (2025), backed by a franchisee operating 65+ locations across 8 states. The property underwent an exterior remodel in 2025 and is scheduled for a full interior and infrastructure renovation in 2027 — including an updated dining area, new kitchen equipment, and pipe replacement — projected to increase top-line sales by 15%+. The lease features 8.0% rent increases every five years throughout the initial term and all option periods. Originally built to suit for Wendy's in 1977, the location boasts nearly 50 years of operating history. Located on W Court St on a hard corner just minutes from Interstate 182 and Hwy 395, the property is surrounded by McDonald's, Taco Bell, Burger King, KFC, Jack in the Box, and more, demonstrating the strength of the QSR corridor. The surrounding trade area supports a population of 151,000+ within five miles, with 6%+ growth over the past five years and another 4% projected. Washington's lack of state income tax further enhances after-tax returns.