Wendy's - Net Lease Property for Sale
Richmond, MI
Key Investment Metrics
Price
$2,304,000
Cap Rate
6.3%
Net Operating Income
$144,000
Building Size
2045 SF
Lot Size
2,045 SF
Remaining Term
20 years
Lease Term
20 years
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
CPI Annual (1.50% Maximum)
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in Richmond, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 2045 square feet of building space.
With a cap rate of 6.3%, this Wendy's net lease property offers stable income potential. The asking price is $2,304,000, 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.
Richmond, MI Market Overview
Located in Richmond, MI, this Wendy's property benefits from strong local demographics and market fundamentals. The Richmond area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.