Property Facts:
Sale Price: $2,534,600
Building Size: 5,281 SF
CAP Rate: 6.52%
INVESTMENT HIGHLIGHTS
- Long-term Passive Investment: Wendy’s has over 12 years of base term remaining on its lease
- Annual NOI Growth: lease contains 1.5% annual rental escalations
- Affluent Area: Average Household Income of $105,507 within a 3-mile radius
- Absolute Net Lease: zero landlord responsibilities whatsoever