Wendy's - Net Lease Property for Sale
Wayne, MI
Key Investment Metrics
Price
$2,052,400
Cap Rate
6.0%
Net Operating Income
$123,144
Building Size
2312 SF
Lot Size
2,312 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
About This Wendy's Net Lease Property
This Wendy's NNN (triple net lease) property is located in Wayne, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 2312 square feet of building space and was built in 1980.
With a cap rate of 6.0%, this Wendy's net lease property offers stable income potential. The asking price is $2,052,400, 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.
Wayne, MI Market Overview
Located in Wayne, MI, this Wendy's property benefits from strong local demographics and market fundamentals. The Wayne area offers excellent visibility and accessibility, making it an ideal location for Wendy's operations and a solid investment for net lease property buyers.