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Restaurant

Wendy's

2610 N Broadway St, Pittsburg, KS 66762

Listing Price: $3,137,255

Cap Rate
5.10%
Tenant Name
Wendy's
Years Remaining On Lease
23.1
Guarantor
Franchisee Guarantee
Rentable SF
2,738
Lease Type
Absolute Net
Rent Per Square Feet
$58.44

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the real estate of a freestanding Wendy's located in Pittsburg, KS. The 0.84 acre lot consists of 2,738 square feet of building space that includes ample parking spaces, a drive-thru, and street signage. Extremely Rare 25 Year Absolute Triple Net (NNN) Ground Lease w/ No Landlord Responsibilities and 23+ Years Remaining. The Tenant (Cotti Foods) is One of The Largest and Most Successful Restaurant Operators in the Country w/ 223 Units and Growing. The Property is Strategically Positioned on a Busy Retail Corridor with Many National Retailers Including: Walmart Supercenter, Home Depot, Aldi, Marshalls, and Many More. Ideal for Out-of-State Investors - Tenant is Responsible for All Taxes, Insurance, Maintenance, etc.

Investment Highlights

  • Extremely Rare 25 Year Absolute Triple Net (NNN) Ground Lease w/ No Landlord Responsibilities and 23+ Years Remaining
  • Rare Hard Corner Lot Location w/ Store Sales Double National Average
  • The Tenant (Cotti Foods) is One of The Largest and Most Successful Restaurant Operators in the Country w/ 223 Units and Growing

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Listing Price: $3,137,255

Cap Rate
5.10%
Tenant Name
Wendy's
Years Remaining On Lease
23.1
Guarantor
Franchisee Guarantee
Rentable SF
2,738
Lease Type
Absolute Net
Rent Per Square Feet
$58.44

Investment Highlights

  • Extremely Rare 25 Year Absolute Triple Net (NNN) Ground Lease w/ No Landlord Responsibilities and 23+ Years Remaining
  • Rare Hard Corner Lot Location w/ Store Sales Double National Average
  • The Tenant (Cotti Foods) is One of The Largest and Most Successful Restaurant Operators in the Country w/ 223 Units and Growing

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the real estate of a freestanding Wendy's located in Pittsburg, KS. The 0.84 acre lot consists of 2,738 square feet of building space that includes ample parking spaces, a drive-thru, and street signage. Extremely Rare 25 Year Absolute Triple Net (NNN) Ground Lease w/ No Landlord Responsibilities and 23+ Years Remaining. The Tenant (Cotti Foods) is One of The Largest and Most Successful Restaurant Operators in the Country w/ 223 Units and Growing. The Property is Strategically Positioned on a Busy Retail Corridor with Many National Retailers Including: Walmart Supercenter, Home Depot, Aldi, Marshalls, and Many More. Ideal for Out-of-State Investors - Tenant is Responsible for All Taxes, Insurance, Maintenance, etc.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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