Wendy's for Sale in Mayfield, KY
Mayfield, KY
Key Investment Metrics
Price
$1,326,000
Cap Rate
7.5%
Net Operating Income
$99,405
Building Size
2614 SF
Land Area
0.92 Acres
Remaining Term
7.8 years
Lease Expiration
02/28/2034
Lease Term
20 years
Lease Commencement
02/28/2014
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
1986
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
Property overview
Wendy's in Mayfield
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,614 SF
- Land area
- 0.92 acres
- Year built
- 1986
- Lease type
- NNN
- Lease expiration
- 02/28/2034
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.