Restaurant
Wendy's
8501 County Rd 311, Sellersburg, IN 47172
Listing Price: $2,434,783
Cap Rate
5.75%
Tenant Name
SRRG Restaurants LLC
Years Remaining On Lease
19.3
Guarantor
Corporate Guarantee
Rentable SF
2,504
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.91
Investment Overview
Marcus and Millichap is pleased to present the exclusive listing for the Wendy's located at 8501 Country Road 311 in Sellersburg, IN.
Wendy's
Investment Highlights
- A 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-net (NNN) Lease. The Lease Will Have no Landlord Responsibilities
- Corporate Guaranty: The Lease Will Carry a Corporate Guaranty from Stonewall Road Restaurant Group
- Attractive Rental Increases: The Lease will Feature 10.00% Rental Increases Every Five Years That will Continue Through the Base Term and into the Four, Five-Year Tenant Renewal Option Periods
Listing Price: $2,434,783
Cap Rate
5.75%
Tenant Name
SRRG Restaurants LLC
Years Remaining On Lease
19.3
Guarantor
Corporate Guarantee
Rentable SF
2,504
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.91
Investment Highlights
- A 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-net (NNN) Lease. The Lease Will Have no Landlord Responsibilities
- Corporate Guaranty: The Lease Will Carry a Corporate Guaranty from Stonewall Road Restaurant Group
- Attractive Rental Increases: The Lease will Feature 10.00% Rental Increases Every Five Years That will Continue Through the Base Term and into the Four, Five-Year Tenant Renewal Option Periods
Investment Overview
Marcus and Millichap is pleased to present the exclusive listing for the Wendy's located at 8501 Country Road 311 in Sellersburg, IN.
