Restaurant
17 Year Wendys
145 S State St, Preston, ID 83263
Listing Price: $2,971,429
Cap Rate
5.25%
Tenant Name
Wendy's
Years Remaining On Lease
16.9
Gross SF
2,859
Guarantor
Franchisee Guarantee
Rentable SF
2,859
Price/Gross SF
$1,039.32
Lease Type
Absolute Net
Rent Per Square Feet
$54.56
Investment Overview
Marcus and Millichap is pleased to present 17 Year Lease Wendy's in Preston, ID.
Broker of Record
Listing Price: $2,971,429
Cap Rate
5.25%
Tenant Name
Wendy's
Years Remaining On Lease
16.9
Gross SF
2,859
Guarantor
Franchisee Guarantee
Rentable SF
2,859
Price/Gross SF
$1,039.32
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 and Millichap is pleased to present 17 Year Lease Wendy's in Preston, ID.
Broker of Record
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