Wendy's NNN Albuquerque

Retail Property For Sale

Price:

$2,076,190

Building Size:

2,218 SF

Price/SF:

$936.06

Property Type:

Retail

Property Sub-type:

Restaurant

Additional Sub-types:

Free Standing Bldg

Retail Pad

Property Use Type:

Net Lease Investment with

10+ years left on lease

Highlights

• New 20-Year Lease at close of escrow
• Absolute NNN
• Zero Landlord Responsibilities
• 7.5% Increases every 5 years
• Lease guaranty with experienced 80 store operator
• Wendy's prototype IA remodel - Jan 2015

Cap Rate:

5.25%

Occupancy:

100%

Tenancy:

Single

Lot Size:

26,537 SF

Listing ID

19004819

Last Updated

3 days ago

Description

Base 5 Retail is pleased to present this absolute NNN Wendy' s investment opportunity in Albuquerque, NM. The property is situated at 3601 4th Street a proven location with 25 years of operating history. Upon close of escrow, the existing Wendy' s operator will sign a brand new 20-year absolute triple-net lease, with no Landlord responsibilities. The lease includes 7.5% rent increases every 5 years with four 5-year option terms. Tenant will start Wendys IA new store remodel in January 2015.

3601 4th St, Albuquerque, NM 87107