Listed by Oswald Cooke & Associates
$2,664,000
Wendy's
Details
APN 065-057C
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,926
Units 1
Cap Rate 5.56%
NOI $148,000
Tenancy Single
Brand/Tenant Wendy's
Rent Bumps Yes
Lease Options (4) 5-Year
Year Built 2019
Acreage 1.550
Ground Lease No
Wendy's | 16+ Year NNN Lease | 8% Increases Every 5 Years | Zero LL Responsibilities
Marketing description
Oswald Cooke & Associates is pleased to present a single tenant Wendy’s restaurant located at 200 Virginia Parkway in Waynesboro, GA for sale. The 20-year term commenced in April 2022 and offers (4) 5-Year renewal options. The lease is subject to 8% increases every 5 years with the next bump coming in April 2027. The 2,926 square foot restaurant is guaranteed by JAI Augusta, LLC. National Retailers in the immediate area include: Walmart Super Center, Tractor Supply, Dollar Tree, KFC, Burger King, Verizon, Zaxby’s, McDonalds, and many others.
Investment highlights
20-Year term with 16+ years remaining
Zero Landlord responsibilities
8% increases every 5th year- next bump April 2027
(4) 5-Year renewal options
Listing Contacts
Listed by Oswald Cooke & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,000.00
$12,333.33/mo
Valuation Metrics
0
DSCR
5.56%
Cap Rate
5.56%
ROI
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