Restaurant
Wendy's
8501 County Rd 311, Sellersburg, IN 47172
Listing Price: $2,842,105
Cap Rate
4.75%
Tenant Name
SRRG Restaurants LLC
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
2,504
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.91
Investment Overview
Marcus and Millichap is pleased to present the exclusive listing for the Wendy's located in Sellersburg, IN.
Wendy's
Investment Highlights
- 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
- Corporate Guaranty: The lease will carry a corporate guaranty from Stonewall Road Restaurant Group
- Attractive Rental Increases: The lease will feature 10.00% rental increases every five years that will continue through the base term and into the four, five-year tenant renewal option periods.
Listing Price: $2,842,105
Cap Rate
4.75%
Tenant Name
SRRG Restaurants LLC
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
2,504
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.91
Investment Highlights
- 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
- Corporate Guaranty: The lease will carry a corporate guaranty from Stonewall Road Restaurant Group
- Attractive Rental Increases: The lease will feature 10.00% rental increases every five years that will continue through the base term and into the four, five-year tenant renewal option periods.
Investment Overview
Marcus and Millichap is pleased to present the exclusive listing for the Wendy's located in Sellersburg, IN.
