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Restaurant

Wendy's

1456 1st St, Kennett, MO 63857

Listing Price: $2,921,053

Cap Rate
4.75%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,853
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.63

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 $135,000 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.

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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Restaurant

Wendy's

Listing Price: $2,921,053

Cap Rate
4.75%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,853
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.63

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 $135,000 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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

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