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Restaurant

Wendy's

2833 Prince St, Clovis, NM 88101

Listing Price: $3,703,704

Cap Rate
5.40%
Tenant Name
Wendgord, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
3,571
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.01

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 2833 Prince St, Clovis, NM. The property consists of 3,571 square feet of building space and is situated on approximately 0.83 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases of eight percent every five years. The rental increases will continue through the base term and into the four, five-year tenant renewal options. The lease will carry a guaranty from Wendgord, LLC, a subsidiary of Wendcentral, LLC.

Investment Highlights

  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Eight Percent (8.00%) Every Five Years

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

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Listing Price: $3,703,704

Cap Rate
5.40%
Tenant Name
Wendgord, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
3,571
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.01

Investment Highlights

  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Eight Percent (8.00%) Every Five Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 2833 Prince St, Clovis, NM. The property consists of 3,571 square feet of building space and is situated on approximately 0.83 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases of eight percent every five years. The rental increases will continue through the base term and into the four, five-year tenant renewal options. The lease will carry a guaranty from Wendgord, LLC, a subsidiary of Wendcentral, LLC.

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

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

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