Wendy's - Net Lease Property for Sale
Covington, TN
Key Investment Metrics
Price
$1,869,310
Cap Rate
6.0%
Net Operating Income
$112,159
Building Size
2811 SF
Lot Size
2,811 SF
Land Area
0.57 Acres
Remaining Term
10.9 years
Lease Expiration
05/31/2037
Lease Term
20 years
Lease Commencement
05/18/2017
Lease Type
NNN
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
CPI/5-Years (10% Cap)
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in Covington, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 2811 square feet of building space.
With a cap rate of 6.0%, this Wendy's net lease property offers stable income potential. The asking price is $1,869,310, 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.
Covington, TN Market Overview
Located in Covington, TN, this Wendy's property benefits from strong local demographics and market fundamentals. The Covington area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.