Compass Florida LLC
Listed by Compass Florida LLC
$1,800,000
NNN Wendy's w/10% Bumps
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,837
Cap Rate 5.89%
NOI $106,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Expiration 06/06/2027
Remaining Term 1
Rent Bumps Yes
Lease Options 3 (5) Year Options
Year Built 2007
Acreage 0.970
Investment Type Net Lease
Lease Commencement 06/07/2007
Ground Lease No
NNN Wendy's w/10% Bumps
Marketing description
Introducing a prime investment opportunity in the heart of Slidell, LA - a stunning 2,837 SF free-standing building poised for retail success. With a strategic location in the highly sought-after Slidell area, this property offers unmatched visibility in a thriving commercial hub, attracting high foot traffic and ensuring maximum exposure for retail businesses. Boasting modern amenities, ample parking, and a versatile layout, this building presents an ideal canvas for retail success. Take advantage of the dynamic local market and make your mark with this outstanding retail investment opportunity.
Investment highlights
- Prime 2,837 SF free-standing building
- Strategic location in bustling Slidell area
- Modern amenities and versatile layout
- Ample parking for customer convenience
- Strong potential for high foot traffic
- Average population of 39,000+ within a 3-mile radius with positive growth
- Average household income of $77,000+ within a 3-mile radius
- Average vehicles per day of 14,000+ on Pontchartrain Drive, US 11
Listing Contacts
Compass Florida LLC
Listed by Compass Florida LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,000.00
$8,833.33/mo
Valuation Metrics
0
DSCR
5.89%
Cap Rate
5.89%
ROI
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