Wendy's - Net Lease Property for Sale
Grand Rapids, MI
Key Investment Metrics
Price
$3,181,818
Cap Rate
5.5%
Net Operating Income
$175,000
Building Size
3500 SF
Lot Size
3,500 SF
Land Area
0.9 Acres
Remaining Term
20 years
Lease Term
20 years
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
2016
Occupancy
100%
Tenancy
Single
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in Grand Rapids, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 3500 square feet of building space and was built in 2016.
With a cap rate of 5.5%, this Wendy's net lease property offers stable income potential. The asking price is $3,181,818, 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.
Grand Rapids, MI Market Overview
Located in Grand Rapids, MI, this Wendy's property benefits from strong local demographics and market fundamentals. The Grand Rapids area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.