Restaurant

Wendy's

Listing Price: $3,030,303

Cap Rate
4.95%
Tenant Name
Meritage Hospitality Group
Gross SF
2,584
Guarantor
Franchisee Guarantee
Rentable SF
2,584
Price/Gross SF
$1,172.72
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.05

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendys located at 484 Center Street in Ludlow, MA. The property consists of 2,584 square feet of building space and is situated on approximately 0.87 acre 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 that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 337+ unit operator and the second largest franchisee in the Wendys system.

Investment Highlights

  • Brand New Construction Expected to Open in September 2020
  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $3,030,303

Cap Rate
4.95%
Tenant Name
Meritage Hospitality Group
Gross SF
2,584
Guarantor
Franchisee Guarantee
Rentable SF
2,584
Price/Gross SF
$1,172.72
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.05

Investment Highlights

  • Brand New Construction Expected to Open in September 2020
  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendys located at 484 Center Street in Ludlow, MA. The property consists of 2,584 square feet of building space and is situated on approximately 0.87 acre 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 that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 337+ unit operator and the second largest franchisee in the Wendys system.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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