Restaurant
Wendy's
6120 Whitestown Pkwy, Whitestown, IN 46075
Listing Price: $2,100,000
Cap Rate
5.00%
Tenant Name
Wendys
Years Remaining On Lease
13.1
Gross SF
2,566
Guarantor
Franchisee Guarantee
Rentable SF
2,566
Price/Gross SF
$818.39
Lease Type
NNN Ground Lease
Rent Per Square Feet
$40.92
Investment Overview
See Highlights
Wendy's
Investment Highlights
- Absolute Net Lease - Subject property includes an absolute net lease with no landlord responsibilities.
- Long Lease Term - 13+ years of lease term remains with four, 5-year renewal options showing the tenants commitment to the site and location.
- New Construction - Subject property was built in late 2018, showcasing Wendy's attractive up-to-date & modern floor plan, providing long-term value and minimal maintenance.
- Strategic Location - Prime location situated among well-known national retailers, including Chick-fil-A, Starbucks, Petco, Burlington, and more.
- Sustainable Rent - The sustainable rent figure reduces the downside risk and enhance tenant stability.
Exclusively Listed By
Broker of Record
Listing Price: $2,100,000
Cap Rate
5.00%
Tenant Name
Wendys
Years Remaining On Lease
13.1
Gross SF
2,566
Guarantor
Franchisee Guarantee
Rentable SF
2,566
Price/Gross SF
$818.39
Lease Type
NNN Ground Lease
Rent Per Square Feet
$40.92
Investment Highlights
- Absolute Net Lease - Subject property includes an absolute net lease with no landlord responsibilities.
- Long Lease Term - 13+ years of lease term remains with four, 5-year renewal options showing the tenants commitment to the site and location.
- New Construction - Subject property was built in late 2018, showcasing Wendy's attractive up-to-date & modern floor plan, providing long-term value and minimal maintenance.
- Strategic Location - Prime location situated among well-known national retailers, including Chick-fil-A, Starbucks, Petco, Burlington, and more.
- Sustainable Rent - The sustainable rent figure reduces the downside risk and enhance tenant stability.
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
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