Wendy's - Net Lease Property for Sale
Memphis, TN
Key Investment Metrics
Price
$2,352,442
Cap Rate
5.7%
Net Operating Income
$133,595
Building Size
2646 SF
Lot Size
2,646 SF
Land Area
0.95 Acres
Remaining Term
13.2 years
Lease Expiration
09/30/2039
Lease Term
20 years
Lease Commencement
09/26/2019
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1992
Occupancy
100%
Tenancy
Single
Rent Increases
Lesser of CPI or 1.25% Annually
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in Memphis, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 2646 square feet of building space and was built in 1992.
With a cap rate of 5.7%, this Wendy's net lease property offers stable income potential. The asking price is $2,352,442, 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.
Memphis, TN Market Overview
Located in Memphis, TN, this Wendy's property benefits from strong local demographics and market fundamentals. The Memphis area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.