Restaurant
Wendy's Restaurant
6348 Lake Worth Blvd, Lake Worth, TX 76135
Listing Price: $1,680,000
Cap Rate
5.76%
Tenant Name
Wendy's
Years Remaining On Lease
1.7
Gross SF
2,816
Guarantor
Corporate Guarantee
Rentable SF
2,816
Price/Gross SF
$596.59
Lease Type
Absolute Net
Rent Per Square Feet
$34.38
Investment Overview
This is an excellent opportunity to own a corporate Wendy's restaurant.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Listing Price: $1,680,000
Cap Rate
5.76%
Tenant Name
Wendy's
Years Remaining On Lease
1.7
Gross SF
2,816
Guarantor
Corporate Guarantee
Rentable SF
2,816
Price/Gross SF
$596.59
Lease Type
Absolute Net
Rent Per Square Feet
$34.38
Investment Highlights
- Over 2 years remaining a corporate backed ground lease
- Pad location to an Albertson's grocery store
- Absolute NNN ground lease with 10% fixed rent increases every 5 years
Investment Overview
This is an excellent opportunity to own a corporate Wendy's restaurant.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
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