Listed by Marcus & Millichap - Orange County
$2,000,000
Wendy's - New 20-Year Abs NNN | Large Operator
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,209
Cap Rate 6.5%
NOI $130,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Lease Options Six, Five-Year
Price per SqFt $623
Broker Co-Op Yes
Year Built 2001
Lot Size (SqFt) 56,105
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Excellent Retail Location Near Major Traffic Drivers
Marketing description
Successful Store with a 7.5% Rent-to-Sales Ratio
New, 20-Year Wendy’s Sale-Leaseback
Located Across from Allegan High School and Allegan Middle School
Investment highlights
Prime Retail Location
- Highly-Trafficked Location Located on the Main Thoroughfare Through Town
- Limited Competition – This Wendy’s is One of Only Four Drive-Thru Restaurants within a 10-Mile Radius
- Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as NAPA Auto Parts, Taco Bell, AutoZone, Dollar General, Goodwill Store, Pizza Hut, Burger King, McDonald’s, and Many More
- Affluent Area with the Average Household Income Exceeding $84,000 within 5 Miles
Experienced Wendy’s Franchisee
- Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States
- Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Broker of Record: Paul Kerber – License: 6502433613
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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