Wendy's for Sale in Powder Springs, GA
Powder Springs, GA
Key Investment Metrics
Price
$2,350,000
Cap Rate
5.6%
Net Operating Income
$132,300
Building Size
2777 SF
Land Area
0.7 Acres
Remaining Term
10.1 years
Lease Expiration
08/31/2036
Lease Term
20.1 years
Lease Commencement
08/01/2016
Lease Type
Absolute NNN
Year Built
1999
Occupancy
100%
Tenancy
Single
Rent Increases
CPI/5-Years (5% Cap)
Property overview
Wendy's in Powder Springs
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,777 SF
- Land area
- 0.7 acres
- Year built
- 1999
- Lease type
- Absolute NNN
- Lease expiration
- 08/31/2036
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.