Listed by SURMOUNT
$2,835,486
Wendy's
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,000
Cap Rate 5.45%
NOI $154,534
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 12/31/2044
Remaining Term 18.7
Year Built 2024
Acreage 1.640
Tenant Credit Franchisee
Lease Commencement 12/27/2024
Ground Lease No
Ownership Fee Simple
Absolute NNN | 18.5+ Years of Term
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 2 Pratt Rd, Plainfield, CT 06374. The site consists of roughly 3,000 rentable square feet of building space on an estimated 1.64-acre parcel of land. This Wendy's is subject to a 20 Years-year Triple Net (NNN) lease, which commenced 12/27/2024. The current annual rent is $154,250 and has scheduled increases of 1.50% annually.
Investment highlights
- Long-term Absolute NNN Lease | 25+ Year Operating History | There are over 18 years of term remaining on this absolute NNN lease. There are zero landlord responsibilities making this an ideal, long-term passive investment opportunity. The site originally opened in 2001, demonstrating an incredibly strong 25+ year operating history and commitment to the site with a remodel in 2024.
- Attractive Annual Rental Increases | There are 1.50% annual rental increases on this lease, providing a long-term hedge against inflation.
- Guarantee from Largest Wendy's Franchisee in the United States | The lease is guaranteed by Meritage Hospitality group, the largest Wendy's franchisee. They are an experience operator with 388+ locations in 15 states.
- Large Lot with Significant Traffic | Directly Off Interstate - 395 | The site sits on a large 1.64-acre lot along positioned directly off Interstate-395 which experiences an average daily traffic count of approximately 31,000 vehicles. Plainfield, CT, has emerged as a premier eastern Connecticut industrial hub, driven by its strategic location along I-395 and availability of land for large-scale logistics and warehouse projects.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,534.00
$12,877.83/mo
Valuation Metrics
0
DSCR
5.45%
Cap Rate
5.45%
ROI
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