Property details

Wendy's Absolute Triple Net (NNN) Portfolio For Sale, Southeast Region

Property Description


All located in an Income Tax Free State!     



This is a Private, Confidential and Off-Market Offering. This property is quietly being offered and is not being widely marketed on commonly used large listing services.

11 NNN Wendy's Restaurants

All Leases Corporate Guaranteed

Located in Florida

18 Years Remaining on Each Lease

4.90% Initial Cap Rate, followed by 1.75% Annual Increases!

This portfolio is being sold only as one portfolio (no individual sales).

There are no mortgages on this portfolio - being delivered Free & Clear.

Buyers are encouraged to purchase for All Cash then finance after closing if needed.








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Highlights

Status:
Available
Price:
$32,000,000
Cap Rate:
4.95%
Rent Increases:
1.75% Annual Increases
 

Property Information

Property Type:
Net Lease
Industry Type:
Restaurant
Units/Spaces:
11
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Wendy's
Lease Type:
NNN
Lease Expiration:
09/03/2034
Lease Remaining:
15.7 years
Landlord Responsibilities:
None - Absolute Triple Net (NNN)
Options:
Inquire
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.