Wendy's | Oklahoma City, OK | Highway Location
5.65% CAP | 388+ Unit Guarantee | Annual Escalations
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 705 S MacArthur Blvd, Oklahoma City, OK 73128. The site consists of roughly 3,218 rentable square feet of building space on an estimated 1.00-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 12/21/2019. The current annual rent is $136,203 and has scheduled increases of lesser of change in cpi or 1.25% annually.
Investment highlights
Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities | The property is subject to an absolute triple-net lease with zero landlord responsibilities, offering a future landlord with a truly passive income stream.
Original Long-Term Twenty (20)-Year Lease | Approximately 15.1 Years Remaining | Six (6), Five (5)-Year Options | The subject property was an original sale leaseback transaction between Meritage Hospitality Group and the current landlord. The site was built by the tenant who then agreed to a long-term twenty-year lease with the current landlord.
Rental Increases Of The Lesser of Change In CPI Or 1.25% Annually | Hedge Against Inflation | The lease is subject to rental increases of the lesser of change in CPI or 1.25% annually, offering a future landlord with a hedge against inflation.
Original 2019 Build-To-Suit Construction | 1.00- Acre Lot | 3,218 Square-Foot Building | The subject property was originally constructed by Meritage Hospitality Group in 2019. The 3,218 squarefoot building is located on a 1.00-acre lot with a drivethru.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
