Listed by Fisher James Capital, ParaSell Inc
$1,513,000
Wendy's Ground Lease
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,486
Cap Rate 5.5%
NOI $83,188
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 06/29/2030
Remaining Term 4
Rent Bumps Yes
Lease Options five (5) five-year options remaining
Price per SqFt $434
Broker Co-Op Yes
Year Built 2010
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.772
Investment Type Net Lease
Lease Commencement 06/01/2010
Ground Lease Yes
Absolute NNN Ground Lease to Wendy's with a Corporate Guaranty | Established Location w/ 2024 Remode
Marketing description
Wendy’s ground lease located in St. Louis, MO, featuring a long-term corporate-guaranteed absolute NNN lease. The property is situated on a signalized hard corner along Gravois Avenue, a primary commuter corridor just 4 miles from Downtown St. Louis.
In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835
Investment highlights
- Absolute NNN Ground Lease to Wendy’s with Corporate Guaranty: Approximately 4 years remaining on the base term with 10% rent increases every 5 years and zero landlord responsibilities
- Established Operating History: Wendy’s has operated at this location since 2010 and recently completed a full remodel in 2024 and exercised their first renewal option, showing their long-term commitment to the site
- Signalized Hard-Corner Infill Location: Prominent pylon signage along Gravois Ave (17,200 ADT) with excellent visibility and multiple access points
- Outparcel to High-Traffic Retail Center: Located within Gravois Plaza (1.3M annual visits), anchored by ALDI
- Strategically Positioned “Going Home” Side of Traffic: Captures strong commuter flow along a primary arterial leading directly into Downtown St. Louis
- Dense Urban Trade Area: Population of 302,540 within 5 miles with strong surrounding residential density
Listing Contacts
Listed by Fisher James Capital, ParaSell Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,188.00
$6,932.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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