Wendy's - Net Lease Property for Sale
South Boston, VA
Key Investment Metrics
Price
$2,690,913
Cap Rate
5.5%
Net Operating Income
$148,000
Building Size
2522 SF
Lot Size
2,522 SF
Remaining Term
20 years
Lease Term
20 years
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
1992
Occupancy
100%
Tenancy
Single
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in South Boston, VA and represents an excellent investment opportunity for commercial real estate investors. The property features 2522 square feet of building space and was built in 1992.
With a cap rate of 5.5%, this Wendy's net lease property offers stable income potential. The asking price is $2,690,913, 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.
South Boston, VA Market Overview
Located in South Boston, VA, this Wendy's property benefits from strong local demographics and market fundamentals. The South Boston area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.