Wendy's for Sale in Mokena, IL
Mokena, IL
Key Investment Metrics
Price
$2,556,064
Cap Rate
5.8%
Net Operating Income
$146,974
Building Size
2292 SF
Land Area
0.9 Acres
Remaining Term
9.5 years
Lease Expiration
12/31/2035
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2005
Tenancy
Single
Rent Increases
1% Annual
Property overview
Wendy's in Mokena
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,292 SF
- Land area
- 0.9 acres
- Year built
- 2005
- Lease type
- Absolute NNN
- Lease expiration
- 12/31/2035
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.