Wendy's - Net Lease Property for Sale
Caledonia, MI
Key Investment Metrics
Price
$2,364,600
Cap Rate
6.0%
Net Operating Income
$141,876
Building Size
3378 SF
Lot Size
3,378 SF
Land Area
1.59 Acres
Remaining Term
12.7 years
Lease Expiration
09/04/2038
Lease Term
20 years
Lease Commencement
09/05/2018
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2017
Occupancy
100%
Tenancy
Single
Rent Increases
1.25% Annually
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in Caledonia, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 3378 square feet of building space and was built in 2017.
With a cap rate of 6.0%, this Wendy's net lease property offers stable income potential. The asking price is $2,364,600, making it an attractive option for 1031 exchange investors seeking quality Wendy's commercial properties.
Why Invest in Wendy's NNN Properties?
- Stable Income: Wendy's net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Wendy's is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Caledonia, MI Market Overview
Located in Caledonia, MI, this Wendy's property benefits from strong local demographics and market fundamentals. The Caledonia area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.