Wendy's - Net Lease Property for Sale
Cleveland, TN
Key Investment Metrics
Price
$2,190,476
Cap Rate
5.3%
Net Operating Income
$115,000
Building Size
2326 SF
Lot Size
2,326 SF
Land Area
0.59 Acres
Remaining Term
19.9 years
Lease Expiration
11/30/2045
Lease Term
20 years
Lease Commencement
12/01/2025
Lease Type
Absolute NNN
Year Built
1976
Occupancy
100%
Tenancy
Single
Rent Increases
7.5% Every 5 Years and Options
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in Cleveland, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 2326 square feet of building space and was built in 1976.
With a cap rate of 5.3%, this Wendy's net lease property offers stable income potential. The asking price is $2,190,476, 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.
Cleveland, TN Market Overview
Located in Cleveland, TN, this Wendy's property benefits from strong local demographics and market fundamentals. The Cleveland area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.