Wendy's for Sale in Columbus, GA
Columbus, GA
Key Investment Metrics
Price
$2,258,000
Cap Rate
7.0%
Net Operating Income
$158,010
Building Size
3156 SF
Land Area
0.6 Acres
Remaining Term
7.8 years
Lease Expiration
03/01/2034
Lease Term
20 years
Lease Commencement
03/01/2014
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
1982
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
Property overview
Wendy's in Columbus
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,156 SF
- Land area
- 0.6 acres
- Year built
- 1982
- Lease type
- NNN
- Lease expiration
- 03/01/2034
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.