Wendy's - Net Lease Property for Sale
Fort Walton Beach, FL
Key Investment Metrics
Price
$1,807,650
Cap Rate
4.8%
Net Operating Income
$87,671
Building Size
2485 SF
Lot Size
2,485 SF
Land Area
0.36 Acres
Remaining Term
14.8 years
Lease Expiration
10/31/2040
Lease Term
20 years
Lease Commencement
11/01/2020
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2004
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 Fort Walton Beach, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 2485 square feet of building space and was built in 2004.
With a cap rate of 4.8%, this Wendy's net lease property offers stable income potential. The asking price is $1,807,650, 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.
Fort Walton Beach, FL Market Overview
Located in Fort Walton Beach, FL, this Wendy's property benefits from strong local demographics and market fundamentals. The Fort Walton Beach area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.