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Restaurant

Wendy's

101 West Blvd, Chesterfield, SC 29709

Listing Price: $1,960,000

Cap Rate
5.00%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
3,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.82

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 101 West Boulevard in Chesterfield, SC. The property consists of 3,400 square feet of building space and is situated on approximately 1.38 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 337 unit operator and the second largest franchisee in the Wendy’s system.

Investment Highlights

  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
  • Six (6) Tenant Renewal Periods of Five (5) Years Each

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Drew Babcock

    First Vice President Investments

    (803) 678-4900

    License(s) SC: 39872

    South Carolina

Listing Price: $1,960,000

Cap Rate
5.00%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
3,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.82

Investment Highlights

  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
  • Six (6) Tenant Renewal Periods of Five (5) Years Each

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 101 West Boulevard in Chesterfield, SC. The property consists of 3,400 square feet of building space and is situated on approximately 1.38 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 337 unit operator and the second largest franchisee in the Wendy’s system.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Drew Babcock

    First Vice President Investments

    (803) 678-4900

    License(s): SC: 39872

    South Carolina

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