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Wendy's 7305 Highway 182 E 3,037 SF Retail Building Morgan City, LA 70380 $2,075,085 CAD ($683.27 CAD/SF) 7% Cap Rate
EXECUTIVE SUMMARY
This Wendy’s Restaurant in Morgan City, LA was significantly renovated in 2023. New 15 year Absolute NNN lease comes with a personal guarantee from the franchisee. This franchisee has been with Wendy's for 29 years and currently owns and operates 9 stores with two more to open in late 2024 and 2025.. Financials on the franchisee and the lease document are available upon the execution of a NDA.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,037 SF
Building Class
C
Year Built
2010
Price
$2,075,085 CAD
Price Per SF
$683.27 CAD
Cap Rate
7%
NOI
$145,256 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.53 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3254341186 | Improvements Assessment | $73,953 CAD |
| Land Assessment | $25,523 CAD | Total Assessment | $99,476 CAD |
PROPERTY TAXES
Parcel Number
3254341186
Land Assessment
$25,523 CAD
Improvements Assessment
$73,953 CAD
Total Assessment
$99,476 CAD
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Wendy's | 7305 Highway 182 E
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