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Wendy's 1130 Arkansas Ln 2,514 SF Retail Building Grand Prairie, TX 75052 $4,519,387 CAD ($1,797.69 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease | 20-Year Absolute Triple Net (NNN) Lease with approximately 15 Years remaining
- Strong Franchise Guarantee
- Rent Growth Every 5 Years | Ten Percent (10% Rental Increases Every Five (5) Years
- Wendy's| The Wendy’s System Includes More Than 6,500 Franchise and Company Restaurants. Publicly Traded (NASDAQ: WEN) With a $4.88 Billion Market Cap
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 1130 Arkansas Lane, Grand Prairie, TX 75052. The site consists of roughly 2,514 rentable square feet of building space on an estimated 0.78-acre parcel of land. This Wendy's is subject to a 20 Years-year Triple Net (NNN) lease, which commenced 12/27/2019. The current annual rent is $170,500 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,514 SF
Building Class
B
Year Built
2019
Price
$4,519,387 CAD
Price Per SF
$1,797.69 CAD
Cap Rate
5.25%
NOI
$237,268 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.78 AC
Zoning
Z31
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 280772600A0040000 | Improvements Assessment | $1,102,991 CAD |
| Land Assessment | $562,153 CAD | Total Assessment | $1,665,144 CAD |
PROPERTY TAXES
Parcel Number
280772600A0040000
Land Assessment
$562,153 CAD
Improvements Assessment
$1,102,991 CAD
Total Assessment
$1,665,144 CAD
CONTACTS
-
Blake Woods -
Russell Wachtler -
Adam Friedlander -
Edward DeMatteis -
Christopher Marks -
Glen Kunofsky -
Surmount
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Wendy's | 1130 Arkansas Ln
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