Wendy's for Sale in Little Rock, AR
Little Rock, AR
Key Investment Metrics
Price
$3,502,031
Cap Rate
6.5%
Net Operating Income
$227,632
Building Size
3790 SF
Land Area
1.19 Acres
Remaining Term
14.6 years
Lease Expiration
02/28/2041
Lease Term
20 years
Lease Commencement
02/26/2021
Lease Type
Absolute NNN
Year Built
2016
Occupancy
100%
Tenancy
Single
Rent Increases
1.5% Annually
Property overview
Wendy's in Little Rock
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,790 SF
- Land area
- 1.19 acres
- Year built
- 2016
- Lease type
- Absolute NNN
- Lease expiration
- 02/28/2041
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.