Listed by SURMOUNT
$2,485,437
Wendy's
Details
Property Type Retail
Square Footage 3,218
Cap Rate 5.15%
NOI $128,000
Tenancy Single
Lease Type NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options Six, Five-Year options
Price per SqFt $772
Acreage 1.000
Investment Type Sale/Leaseback
Retail | 5.15% CAP | 3,218 SF
Marketing description
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 705 S MacArthur Blvd in Oklahoma City, OK. The property consists of 3,218 square feet of building space and is situated on approximately 1.00 acre of land.
The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 318 unit operator and the second largest franchisee in the Wendy’s system.
Investment highlights
- Brand New Build | Just Opened November 2019
- Strong Traffic Counts | S MacArthur Boulevard and I-40 | Average of 18,458 and 110,342 Vehicles Per Day
- Dense Retail Corridor | Walmart, Sam's Club, Home Depot, Dollar Tree, Ross Dress for Less, Hobby Lobby, Dick’s Sporting Goods, Best Buy, Ulta Beauty Supply, KFC, Pizza Hut, Jersey Mikes, Taco Bell, Starbucks, Panera Bread, Chick-fil-A, and Others
- Strong Demographics | More Than 170,949 Individuals Residing within a Five-Mile Radius
Listing Contacts
Listed by SURMOUNT
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$128,000.00
$10,666.67/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
Map
Zoning
I-2 IndustrialModerate Industrial District
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