Restaurant

Wendy's

505 S Deerfield Rd, Pontiac, IL 61764

Listing Price: $2,050,000

Cap Rate
5.76%
Tenant Name
Starboard Group of Companies
Years Remaining On Lease
14.9
Gross SF
3,525
Guarantor
Franchisee Guarantee
Rentable SF
3,525
Price/Gross SF
$581.56
Lease Type
Absolute Net
Rent Per Square Feet
$33.48

Investment Overview

The subject property is an Absolute NNN leased Wendys property with over 15 years remaining on the base term. The franchisees parent company, Starboard Group of Companies, has operated Wendys since 1999 and now operates over 180 units. The subject property is located just off I-55 adjacent to several gas stations. OSF Health Center, the main hospital in the area, is just west of the property. Other retailers and hotels in the area include Sears, Walmart, Taco Bell, Burger King, Arbys, Walgreens, Super 8, Best Western, and Quality Inn. There are over 13,000 residents in a five-mile radius of the property. The city lies on the Vermilion River in central Illinois and is known as one of the main stops when traveling on route 66.

Investment Highlights

  • 1.5 Percent Annual Rent Increases
  • Located Just Off I-55 Near Several Hotels and Gas Stations
  • Starboard Group Operates 180+ Locations
  • Over 15 Years Remaining on base term
  • Absolute NNN Lease with No Landlord Responsibilities
  • Population Exceeds 13,000 Residents (Five-Mile)

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Listing Price: $2,050,000

Cap Rate
5.76%
Tenant Name
Starboard Group of Companies
Years Remaining On Lease
14.9
Gross SF
3,525
Guarantor
Franchisee Guarantee
Rentable SF
3,525
Price/Gross SF
$581.56
Lease Type
Absolute Net
Rent Per Square Feet
$33.48

Investment Highlights

  • 1.5 Percent Annual Rent Increases
  • Located Just Off I-55 Near Several Hotels and Gas Stations
  • Starboard Group Operates 180+ Locations
  • Over 15 Years Remaining on base term
  • Absolute NNN Lease with No Landlord Responsibilities
  • Population Exceeds 13,000 Residents (Five-Mile)

Investment Overview

The subject property is an Absolute NNN leased Wendys property with over 15 years remaining on the base term. The franchisees parent company, Starboard Group of Companies, has operated Wendys since 1999 and now operates over 180 units. The subject property is located just off I-55 adjacent to several gas stations. OSF Health Center, the main hospital in the area, is just west of the property. Other retailers and hotels in the area include Sears, Walmart, Taco Bell, Burger King, Arbys, Walgreens, Super 8, Best Western, and Quality Inn. There are over 13,000 residents in a five-mile radius of the property. The city lies on the Vermilion River in central Illinois and is known as one of the main stops when traveling on route 66.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

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