Listed by Sawyer Capital Partners
$1,635,225
Wendy's
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,444
Net Rentable (SqFt) 2,444
Units 1
Cap Rate 6.2%
NOI $101,384
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 12/31/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options One 10 year and Four 5 yeaar
Price per SqFt $669
Broker Co-Op Yes
Year Renovated 2021
Buildings 1
Stories 1
Acreage 0.640
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2026
Ownership Franchisee Corporation
Retail | 6.20% CAP | 2,444 SqFt
Marketing description
This Wendy's was recently renovated and the operators have just exercised their 10 year option showing long term commitment to the location. It is located on North Main street and neighbored by Taco Bell, KFC , Arby's, The MJR multiplex theaters and well as a recently developed residential complex.
It is run by an experienced operator with 24 locations throughout Michigan . The Lease is Absolute Net with scheduled rent increases. and is cross guaranteed by the parent corporate entity.
The 10 year option maintains cap value for potential resale at the end of the base term as well as assuring favorable financing.
Listing Contacts
Listed by Sawyer Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,384.00
$8,448.67/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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