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Wendy's 535 E Highway 24 2,700 SF Retail Building Moberly, MO 65270 $3,275,687 CAD ($1,213.22 CAD/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long-Term Sale Leaseback
  • Zero Landlord Responsibilities
  • Strategic Retail location
  • Attractive Rent Increases
  • Strong Operator
  • Traffic Counts

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive sale of a single tenant Wendy’s investment property located at 535 East Highway 24 in Moberly, Missouri (the “Property”). The Property consists of a single-story, 2,700 square-foot building with a drive-thru on 1.17 acres. Wendy’s will sign a new 20-year Absolute NNN Lease with six (6), 5-year renewal options at the close of escrow. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. Wendy’s is strategically located along East Highway 24, one of Moberly’s primary commercial corridors and a well-traveled regional thoroughfare. The Property is positioned in the heart of the city’s main retail district, surrounded by leading national and regional tenants including Walmart Supercenter, Lowe’s, ALDI, and Walgreens, which drive consistent customer traffic to the area. Its location offers excellent accessibility to nearby residential neighborhoods, schools, and Moberly Regional Medical Center, ensuring a strong and diverse customer base. In addition, the site’s visibility along Highway 24 and connectivity to US Highway 63 provide convenient access for both local residents and regional commuters. Recreational amenities such as Rothwell Park and cultural destinations like the historic downtown district further contribute to steady area demand.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,700 SF
Building Class
B
Year Built
2021
Price
$3,275,687 CAD
Price Per SF
$1,213.22 CAD
Cap Rate
5.75%
NOI
$188,352 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.17 AC
Opportunity Zone
Yes

NEARBY MAJOR RETAILERS

Scooter's Coffee
Central Bank of the Ozarks
The YMCA
Commerce Bank of Missouri
Equity Bank
Academy Bank
Blimpie
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-7.0-25.0-4.0-000-006.000
Land Assessment
$67,731 CAD
Improvements Assessment
$90,583 CAD
Total Assessment
$158,314 CAD
  • Listing ID: 38143536

  • Date on Market: 2025-10-20

  • Last Updated:

  • Address: 535 E Highway 24, Moberly, MO 65270

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