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Restaurant

Wendy's

2620 Hilltop Dr, Redding, CA 96002

Listing Price: $3,970,000

Cap Rate
4.97%
Tenant Name
Wendy's
Years Remaining On Lease
11.9
Guarantor
Personal Guarantee
Rentable SF
2,901
Lease Type
Absolute Net
Rent Per Square Feet
$68.05

Investment Overview

The subject property operates under an Absolute NNN Lease, with 12+ years remaining, with no landlord management or maintenance responsibilities whatsoever. A new 20-year lease was executed on the April 1, 2014 and expires March 31, 2034. There are four 5-year options additional. The lease offers a rare percentage rent clause that provides operational transparency along with the potential for additional rent tied to the performance of the store. See Executive Summary page for further details. lease offers a rare percentage rent clause that provides operational transparency along with the potential for additional rent tied to the performance of the store. See Executive Summary page for further details. The subject property has a 20+ year operational history at this location, which has direct street frontage along Interstate 5, a major North South thoroughfare of California. There are annual average daily traffic counts (AADT) of 63,500. It is located near the Sacramento River and hour south of Mount Shasta. Major retailers in the immediate area include Big Box Stores, Ross, 99C Store, Taco Bell, Denny’s Chevron, Jack in the Box, Starbucks,McDonald's, Burger King and more.

Investment Highlights

  • Percentage Rent Clause
  • Prominent Signage off Interstate 5
  • Absolute NNN with 12+ Years Remaining

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Listing Price: $3,970,000

Cap Rate
4.97%
Tenant Name
Wendy's
Years Remaining On Lease
11.9
Guarantor
Personal Guarantee
Rentable SF
2,901
Lease Type
Absolute Net
Rent Per Square Feet
$68.05

Investment Highlights

  • Percentage Rent Clause
  • Prominent Signage off Interstate 5
  • Absolute NNN with 12+ Years Remaining

Investment Overview

The subject property operates under an Absolute NNN Lease, with 12+ years remaining, with no landlord management or maintenance responsibilities whatsoever. A new 20-year lease was executed on the April 1, 2014 and expires March 31, 2034. There are four 5-year options additional. The lease offers a rare percentage rent clause that provides operational transparency along with the potential for additional rent tied to the performance of the store. See Executive Summary page for further details. lease offers a rare percentage rent clause that provides operational transparency along with the potential for additional rent tied to the performance of the store. See Executive Summary page for further details. The subject property has a 20+ year operational history at this location, which has direct street frontage along Interstate 5, a major North South thoroughfare of California. There are annual average daily traffic counts (AADT) of 63,500. It is located near the Sacramento River and hour south of Mount Shasta. Major retailers in the immediate area include Big Box Stores, Ross, 99C Store, Taco Bell, Denny’s Chevron, Jack in the Box, Starbucks,McDonald's, Burger King and more.

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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