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29259731
29259732

4909 NE Hazel Dell Ave, Vancouver, WA 98663 For Sale

MAJ Commercial Real Estate
Listed by MAJ Commercial Real Estate
$1,150,000
183 days on market
Updated 72 days ago

Frontier Public House

Details
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 2,640
Net Rentable (SqFt) 2,640
Cap Rate 5.76%
NOI $66,192
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 03/31/2028
Remaining Term 1.7
Rent Bumps Yes
Lease Options 1
Price per SqFt $436
Broker Co-Op Yes
Class B
Year Built 1982
Year Renovated 2014
Buildings 1
Stories 1
Lot Size (SqFt) 26,136
Zoning CC
Parking Spaces 35 spaces
Parking per 1,000 SqFt 13.26
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No
Ownership Fee Simple

Near-Term Freestanding Restaurant Building

Marketing description

MAJ Commercial Real Estate is pleased to offer for sale The Frontier Public House (FPH), a freestanding, tenant-occupied restaurant NNN investment located along the Highway 5 transportation corridor in Vancouver, Washington. The asset is leased at a below-market rental rate and features approximately two (2) years remaining on the current lease term with 4.00% annual escalations, plus one final extension option to be exercised at fair market value, providing near-term income stability with a clearly defined path to long-term upside.


Originally constructed in 1982 and fully renovated in 2014, the property consists of a 2,640 SF freestanding solid block brick building situated on a 26,136 SF parcel. The asset has been exceptionally well maintained throughout the 27 years of current ownership, with scheduled bi-monthly exterior and landscaping maintenance and quarterly HVAC and interior building maintenance. The site offers ample parking with 35 stalls, including two (2) ADA-compliant spaces.
Strategically positioned near an Interstate 5 interchange (±95,000 VPD) and the Main Street intersection (±45,000 VPD), the property benefits from outstanding visibility and consistent AM/PM commuter traffic along one of the region’s most heavily traveled and irreplaceable transportation corridors.


The property is operated by The Frontier Public House, a well-established and highly regarded restaurant in the Southwest Washington culinary scene. With over 1,300 Google reviews and more than 10 years of successful operating history at the site, FPH demonstrates strong operational performance backed by a proven, durable concept.

Investment highlights

  • Near-term stable NNN income w/ clear path to long-term upside

  • Exceptionally well-maintained property with solid block brick building

  • Situated along irreplaceable Highway 5 transportation corridor (95,000+/- VPD)

  • Proven tenant operation with 10+ years in business at subject property


Listing Contacts

MAJ Commercial Real Estate
Listed by MAJ Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$66,192.00
$5,516.00/mo

Valuation Metrics

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DSCR
5.76%
Cap Rate
5.76%
ROI

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