Wendy's 436-486 S Main St

Investment Highlights

Long-Term, 20-Year Absolute Triple Net (NNN) Lease Corporate Guarantee from Wendy?s Properties, LLC Approximately 12.1 Years of Base Lease Term Remaining

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Wendy?s located at 436 South Main Street in Lapeer, Michigan. The site consists of roughly 2,273 rentable square feet of building space on estimated 0.95-acre parcel of land. This Wendy?s is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2015. The current annual rent is $119,070 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 2, 5-year renewal options.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,273
• Building Class    C
• Year Built    1976
• Price    2,035,384
• Price Per SF    895
• Cap Rate    5.85
• NOI    119,070
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    0.95 AC

• Signage
• Drive Thru