Restaurant
17 Year Wendy's
145 S State St, Preston, ID 83263
Listing Price: $2,713,043
Cap Rate
5.75%
Tenant Name
Wendy's
Years Remaining On Lease
16.6
Gross SF
2,859
Guarantor
Franchisee Guarantee
Rentable SF
2,859
Price/Gross SF
$948.95
Lease Type
Absolute Net
Rent Per Square Feet
$54.56
Investment Overview
Marcus & Millichap is pleased to present 17-Year Lease Wendy's in Preston, ID.
Broker of Record
-
Adam Lewis
Senior Managing Director, Market Leader- Colorado
Listing Price: $2,713,043
Cap Rate
5.75%
Tenant Name
Wendy's
Years Remaining On Lease
16.6
Gross SF
2,859
Guarantor
Franchisee Guarantee
Rentable SF
2,859
Price/Gross SF
$948.95
Lease Type
Absolute Net
Rent Per Square Feet
$54.56
Investment Highlights
- Absolute Net Lease - No Landlord Responsibilities
- 17 Years Remaining on Current Lease Term
- 14,000 ADT on Main Street
- Year Built: 2017
- Lessee, Classic Foods, Inc, operates 10 Wendy's in Southeast Idaho from Rexburg, ID to Preston, ID.
Investment Overview
Marcus & Millichap is pleased to present 17-Year Lease Wendy's in Preston, ID.
Broker of Record
-
Adam Lewis
Senior Managing Director, Market Leader- Colorado
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