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Restaurant

Wendy's

1011 W Main St, Artesia, NM 88210

Listing Price: $3,157,000

Cap Rate
4.75%
Tenant Name
Wendgord, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
3,120
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.08

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 1011 W Main St, Artesia, NM. The property consists of 3,120 square feet of building space and is situated on approximately 0.64 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 of eight percent every five years. The rental increases will continue through the base term and into the four, five-year tenant renewal options. The lease will carry a guaranty from Wendgord, LLC, a subsidiary of Wendcentral, LLC, an experienced 125+ unit operator founded in 1985.

Investment Highlights

  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Eight Percent (8.00%) Every Five Years
  • Four (4) 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

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Financing By

Listing Price: $3,157,000

Cap Rate
4.75%
Tenant Name
Wendgord, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
3,120
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.08

Investment Highlights

  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Eight Percent (8.00%) Every Five Years
  • Four (4) 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 1011 W Main St, Artesia, NM. The property consists of 3,120 square feet of building space and is situated on approximately 0.64 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 of eight percent every five years. The rental increases will continue through the base term and into the four, five-year tenant renewal options. The lease will carry a guaranty from Wendgord, LLC, a subsidiary of Wendcentral, LLC, an experienced 125+ unit operator founded in 1985.

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

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

Financing By

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