Restaurant
Wendy's
1456 1st St, Kennett, MO 63857
Listing Price: $2,569,444
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 1456 First Street in Kennett, MO. The property consists of 2,853 square feet of building space and is situated on approximately 0.70 acres of land. This Wendy’s is subject to a 20-year triple-net (NNN) lease, which will commence at closing. The annual rent is $138,750 and is scheduled to increase by the lessor of the change in CPA and 1.25% annually throughout the base term, beginning in Year 3 and in each of the Six (6), Five (5)- Year option periods.
Exclusively Listed By
Broker of Record
Listing Price: $2,569,444
Investment Highlights
- Brand New 20-Year Sale-Leaseback
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 1456 First Street in Kennett, MO. The property consists of 2,853 square feet of building space and is situated on approximately 0.70 acres of land. This Wendy’s is subject to a 20-year triple-net (NNN) lease, which will commence at closing. The annual rent is $138,750 and is scheduled to increase by the lessor of the change in CPA and 1.25% annually throughout the base term, beginning in Year 3 and in each of the Six (6), Five (5)- Year option periods.
Exclusively Listed By
Broker of Record
