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69 Route 73
Voorhees, NJ 08043
Retail Property For Sale
Investment Highlights
- Absolute triple net (NNN) lease structure with zero landlord responsibilities, delivering a passive investment profile with minimal requirements
- Wend New Jersey, LLC (Flynn Group), the largest Wendy’s franchisee in North America and one of the largest restaurant operators
- Strong operating performance with healthy reported sales volumes (contact agent for additional details)
- Approximately 8.5 years of remaining lease term featuring contractual 1.5% annual rental increases, providing built-in income growth
- Eight (8) five-year renewal options with 270-day notice, with rental increases continuing throughout option periods
- Proven operating history with tenant occupancy at the site for many years and a decades-long operating history as a Wendy’s location
Executive Summary
Absolute triple net (NNN) lease structure with zero landlord responsibilities, delivering a passive investment profile with minimal management requirements
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,000 SF
Building Class
B
Year Built
1996
Price
$3,730,376 CAD
Price Per SF
$1,243.46 CAD
Cap Rate
5.75%
NOI
$214,497 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.02 AC
Zoning
EIB - Economic Industrial Business
Frontage
259’ on Berlin - Kresson Road
Amenities
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $719,732 CAD | |
| Land Assessment | $1,837,531 CAD | Total Assessment | $2,557,263 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,837,531 CAD
Improvements Assessment
$719,732 CAD
Total Assessment
$2,557,263 CAD
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