Property Details

521 Auburn Way S

Auburn, WA 98002

$3,435,000

Available

CBA# 711088 courtesy of CBA Listing firm: Marcus & Millichap, Inc.

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I’d like more information about 521 Auburn Way S, Auburn, MLS# 711088

Office / Retail

Property Type

5,700

Bldg Sq Ft

1977

Year Built

Property Overview

We have been selected to exclusively market for sale a high-performing Denny's in Auburn, WA, secured by a brand-new 20-year Absolute Net Lease to be executed at closing. The lease offers long-term, passive cash flow, zero landlord responsibilities, 10% rent escalations every five years, and a guarantee from Awashington, LLC (15 WA locations, $30M+ in annual sales). The restaurant is operated by The Keshap Group — a multi-brand franchisee with 25+ years of experience, 35 Denny's, 16 Papa John's, and four Dave's Hot Chicken restaurants. This Denny’s ranks in the top 14% of all restaurants in Washington state and top 30% nationally (per Placer.ai). It is situated just off Hwy-18 (88,000+ VPD) at the signalized hard corner of Auburn Way S and 6th St SE (57,000+ VPD). The property was extensiv