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.
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.