Wendy's for Sale in Jasper, AL
Jasper, AL
Key Investment Metrics
Price
$3,250,000
Cap Rate
6.1%
Net Operating Income
$198,875
Building Size
3500 SF
Land Area
0.9 Acres
Remaining Term
10.6 years
Lease Expiration
03/02/2037
Lease Term
20 years
Lease Commencement
03/03/2017
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2016
Occupancy
100%
Tenancy
Single
Rent Increases
7.5% Every 5 Years
Property overview
Wendy's in Jasper
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,500 SF
- Land area
- 0.9 acres
- Year built
- 2016
- Lease type
- Absolute NNN
- Lease expiration
- 03/02/2037
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.