Wendy's - Net Lease Property for Sale
Richlands, NC
Key Investment Metrics
Price
$2,721,180
Cap Rate
5.9%
Net Operating Income
$160,550
Building Size
2465 SF
Lot Size
2,465 SF
Land Area
1.09 Acres
Remaining Term
19 years
Lease Expiration
12/31/2044
Lease Term
21.7 years
Lease Commencement
04/11/2023
Lease Type
Absolute NNN
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5-years
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in Richlands, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 2465 square feet of building space and was built in 2023.
With a cap rate of 5.9%, this Wendy's net lease property offers stable income potential. The asking price is $2,721,180, 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.
Richlands, NC Market Overview
Located in Richlands, NC, this Wendy's property benefits from strong local demographics and market fundamentals. The Richlands area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.