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Restaurant

Wendy's - Absolute NNN

101 Red Bank Rd, Goose Creek, SC 29445

Listing Price: $2,120,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
17.5
Guarantor
Franchisee Guarantee
Rentable SF
2,310
Lease Type
Absolute Net
Rent Per Square Feet
$45.89

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the net-leased Wendy's located in Goose Creek (Charleston MSA), South Carolina. The tenant is currently on an absolute NNN lease with 17.5 years remaining and a 7% rent escalation every 5 years, including during the four, 5-year option periods. The operator is Wendcentral, LLC, one of the largest Wendy's franchisees in the nation with 125+ locations. The subject property is situated at a Y-intersection in the Goose Creek submarket of the greater Charleston Metropolitan Statistical Area. Other nearby national retailers include Publix, Walmart, Taco Bell, McDonald's, Pizza Hut, and Waf?e House. The property is located in close proximity to Interstate-26 and is exposed to approximately 61,600 vehicles per day via S Goose Creek Boulevard and 23,100 vehicles per day via Red Bank Road. Goose Creek is located approximately 15 northwest of downtown Charleston and the population within a 3-mile radius of the subject property is over 71,000.

Investment Highlights

  • Long-Term Lease with 17.5-Years Remaining on Base Term
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Operated by Wendcentral LLC, One of the Nation's Largest Wendy's Franchisees With 125+ Locations

Exclusively Listed By

Restaurant

Wendy's - Absolute NNN

Listing Price: $2,120,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
17.5
Guarantor
Franchisee Guarantee
Rentable SF
2,310
Lease Type
Absolute Net
Rent Per Square Feet
$45.89

Investment Highlights

  • Long-Term Lease with 17.5-Years Remaining on Base Term
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Operated by Wendcentral LLC, One of the Nation's Largest Wendy's Franchisees With 125+ Locations

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the net-leased Wendy's located in Goose Creek (Charleston MSA), South Carolina. The tenant is currently on an absolute NNN lease with 17.5 years remaining and a 7% rent escalation every 5 years, including during the four, 5-year option periods. The operator is Wendcentral, LLC, one of the largest Wendy's franchisees in the nation with 125+ locations. The subject property is situated at a Y-intersection in the Goose Creek submarket of the greater Charleston Metropolitan Statistical Area. Other nearby national retailers include Publix, Walmart, Taco Bell, McDonald's, Pizza Hut, and Waf?e House. The property is located in close proximity to Interstate-26 and is exposed to approximately 61,600 vehicles per day via S Goose Creek Boulevard and 23,100 vehicles per day via Red Bank Road. Goose Creek is located approximately 15 northwest of downtown Charleston and the population within a 3-mile radius of the subject property is over 71,000.

Exclusively Listed By

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