Wendy's - Net Lease Property for Sale
Richmond, VA
Key Investment Metrics
Price
$2,300,000
Cap Rate
5.5%
Net Operating Income
$126,717
Building Size
3025 SF
Lot Size
3,025 SF
Land Area
1.2 Acres
Remaining Term
15.5 years
Lease Expiration
12/31/2040
Lease Term
20 years
Lease Commencement
12/14/2020
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1981
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 Richmond, VA and represents an excellent investment opportunity for commercial real estate investors. The property features 3025 square feet of building space and was built in 1981.
With a cap rate of 5.5%, this Wendy's net lease property offers stable income potential. The asking price is $2,300,000, 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, VA Market Overview
Located in Richmond, VA, 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.