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Wendy's

Retail | 5.75% CAP | 2,423 SF

Listing Contacts

  • BB
    License: RI REC.001881, OK 177814, KS 239819, AR PB00082359, NH 075994, GA 378952, 10849665-PB00, NV B.1002481.CORP, LA 0995684990-ASA, IL 471020548, PA RM432816, CO 100075683, TX 701472, OH BRK.200900214, WV B200300608
    Phone Number:  Sign Up  or  Log In  to see phone number

Active

Asking Price: $2,295,652
Address 

200 E Main St, Oak Hill, WV 25901

Show on Map
Date Added
Jan 8, 2025
Days on Market
76 days
Time Since Last Update
76 days

Details

Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Investment Sub TypeQuick Service Restaurant
Lease TypeNNN
Tenant CreditFranchisee
TenancySingle
Brand/TenantWendy's
Lease Term20 years
Lease Commencement05/31/2023
Lease Expiration05/31/2043
Remaining Term18.2 years
Square Footage2,423
Cap Rate5.75%
Occupancy100%
NOI$132,000
Year Built2023
Buildings1
Stories1
Lot Size (acres)0.56

Marketing Description

Bang Realty is pleased to present the exclusive listing for a Wendy's located at 200 E Main St, Oak Hill, WV.​ The site consists of roughly 2,423 rentable square feet of building space on an estimated 0.56-acre parcel of land.​ This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 5/31/2023.​ The current annual rent is $132,000 and has scheduled increases of 10.00% every 5 years.​

Investment Highlights

  • Long Term Absolute Triple Net (NNN) Lease | The subject investment property is subject to an absolute triple net (NNN) lease, with zero landlord responsibilities. There are more than 18 years remaining on the base term of the lease.

  • Strong Unit Level Performance | The subject property is a strong performing store, with excellent unit level financials.

  • Experienced Operator & Recent Renovation | This Wendy's property is run by an experienced operator, who has cultivated multiple years of experience operating several Wendy's locations.

  • Recent Renovation | The subject investment property was recently remodeled in 2023 to Wendy’s newest Image.

  • Rental Increases | The subject property's lease features 10% rental increases every 5 years of the base term and the option periods, hedging against inflation.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,000.00
$11,000.00/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

  • BB
    License: RI REC.001881, OK 177814, KS 239819, AR PB00082359, NH 075994, GA 378952, 10849665-PB00, NV B.1002481.CORP, LA 0995684990-ASA, IL 471020548, PA RM432816, CO 100075683, TX 701472, OH BRK.200900214, WV B200300608
    Phone Number:  Sign Up  or  Log In  to see phone number

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Broker Information
Broker Name
Brian Brockman
Broker License
WV B200300608
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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