Skip to main content

Restaurant

Wendy's

2833 Prince St, Clovis, NM 88101

Listing Price: $3,789,000

Cap Rate
4.75%
Tenant Name
Wendy's
Years Remaining On Lease
20.0
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$1,263.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.00

Investment Overview

Marcus & Millichap is exclusively marketing for sale the newly remodeled Prince Street Wendy's restaurant in Clovis, NM. This location was fully remodeled in 2018 and sits on a signalized corner lot. It is located along the main commercial corridor in Clovis and is outpad to North Plains Mall the area's largest shopping center.

Investment Highlights

  • Restaurant remodeled in 2018 and is located on the signalized corner of a high traffic, four-lane thoroughfare
  • In main commercial corridor surrounded by national retailers
  • Brand new 20-year lease with four 5-year options and 8% increases every 5 years
  • This restaurant is operated by a highly profitable 6 unit franchisee that has been in business continuously since 1992
  • Affiliated with Wendcentral, LLC, an award winning, nationally recognized Wendy's franchisee

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Listing Price: $3,789,000

Cap Rate
4.75%
Tenant Name
Wendy's
Years Remaining On Lease
20.0
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$1,263.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.00

Investment Highlights

  • Restaurant remodeled in 2018 and is located on the signalized corner of a high traffic, four-lane thoroughfare
  • In main commercial corridor surrounded by national retailers
  • Brand new 20-year lease with four 5-year options and 8% increases every 5 years
  • This restaurant is operated by a highly profitable 6 unit franchisee that has been in business continuously since 1992
  • Affiliated with Wendcentral, LLC, an award winning, nationally recognized Wendy's franchisee

Investment Overview

Marcus & Millichap is exclusively marketing for sale the newly remodeled Prince Street Wendy's restaurant in Clovis, NM. This location was fully remodeled in 2018 and sits on a signalized corner lot. It is located along the main commercial corridor in Clovis and is outpad to North Plains Mall the area's largest shopping center.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

MM Texture Background
MM Textured Background Lower