Wendy's for Sale in Wayne, MI
Wayne, MI
Key Investment Metrics
Price
$2,052,400
Cap Rate
6.0%
Net Operating Income
$123,144
Building Size
2312 SF
Land Area
0.98 Acres
Remaining Term
16.8 years
Lease Expiration
05/01/2043
Lease Term
20.1 years
Lease Commencement
04/10/2023
Lease Type
Absolute NNN
Year Built
1980
Occupancy
100%
Tenancy
Single
Rent Increases
10%/5-Years
Property overview
Wendy's in Wayne
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,312 SF
- Land area
- 0.98 acres
- Year built
- 1980
- Lease type
- Absolute NNN
- Lease expiration
- 05/01/2043
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.