Wendy's for Sale in Tallahassee, FL
Tallahassee, FL
Key Investment Metrics
Price
$2,730,560
Cap Rate
5.3%
Net Operating Income
$146,085
Building Size
2146 SF
Land Area
0.6 Acres
Remaining Term
17.1 years
Lease Expiration
08/31/2043
Lease Term
20 years
Lease Commencement
08/29/2023
Lease Type
Absolute NNN
Tenant Credit
Franchisee, Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
1.25% annually
Property overview
Wendy's in Tallahassee
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,146 SF
- Land area
- 0.6 acres
- Year built
- 2023
- Lease type
- Absolute NNN
- Lease expiration
- 08/31/2043
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.