Listed by Matthews
$1,500,000
Wendy’s (Dark)
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,747
Cap Rate 7.85%
NOI $117,702
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 02/14/2036
Remaining Term 9.7
Lease Options Two, 5-Year Options
Price per SqFt $546
Year Built 2007
Buildings 1
Acreage 1.050
Tenant Credit Corporate Guarantee
Lease Commencement 02/15/2016
Ownership Fee SImple
Corporate Wendy’s NNN – 9.9 Years Remaining, Prime Fort Wayne Outparcel
Investment highlights
9.9 Years Remaining on Lease Obligation | Corporately Signed Lease
- This investment offers just under 10 years of secure income leased to Wendy’s corporate, providing a truly hands-off ownership opportunity. The asset is well-suited for investors seeking a higher-yielding return today, with potential upside at the end of the lease term.
High Visibility Location | Outparcel to Menards & Walmart Shopping Center
- Positioned as an outparcel to Menards and Walmart, the property benefits from strong traffic, established shopping patterns, and adjacency to national retailers. This prime retail environment ensures consistent consumer exposure and continued demand for the location.
Surrounded by New Development & Access to Highway 469
- Located with nearby access to Highway 469 (±25,000 VPD) and surrounded by new development, the site is well-positioned to capture ongoing regional growth and increasing consumer demand. The immediate trade area has seen strong recent retail expansion, with national brands such as Culver’s, Dunkin’, Starbucks, Taco Bell, and Caliber Collision establishing a presence, further validating the corridor’s strength and long-term viability.
Growing Fort Wayne Market
- Fort Wayne continues to experience population growth, economic expansion, and strong retail demand, supporting long-term property value appreciation. The metro’s growing workforce and increasing disposable income make it an attractive market for national tenants
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,702.00
$9,808.50/mo
Valuation Metrics
0
DSCR
7.85%
Cap Rate
7.85%
ROI
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