Listed by Triple Net Investment Group Inc
$1,542,980
Corporate Wendy's | Absolute NNN
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,215
Cap Rate 5%
NOI $77,149
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 02/28/2036
Remaining Term 11.5
Rent Bumps Yes
Lease Options 2 - 5YR
Pro-Forma Cap Rate 5%
Pro-Forma NOI $77,149
Price per SqFt $697
Broker Co-Op Yes
Acreage 0.760
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/15/2016
Ground Lease No
Ownership Fee
Sale Condition 1031 exchange
NNN Corporate Wendy's
Marketing description
Triple Net Investment Group is excited to present an opportunity to acquire a Wendy's restaurant. The property features a corporate guaranteed lease with Appx 11.5 years remaining on the initial term.
The restaurant is strategically located on Lincoln Highway East in Fort Wayne, Indiana. The building is 2,215 square feet and sits on approximately 0.76 acres of land.
Great demographics 3-mile | Pop +45K | Income +55K with Many Local and National Tenants nearby.
In Association with Broker Record
BND COMMERCIAL, LLC
Karl Behrens, Broker
Investment highlights
Absolute Net (NNN) Lease with additional quarterly Percentage Rent of Gross Sales.
Long standing location alongside the W Indiana 930.
20+ Year Operating History.
Listing Contacts
Listed by Triple Net Investment Group Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,149.00
$6,429.08/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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Tax History
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