Wendy's
Plainfield, CT
Key Details
| Price: | $2,727,273 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $150,000 |
| Address: | 2 Pratt Road, Plainfield, Connecticut 06374 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | Lesser of Change in CPI or 1.50% Annually |
| Lot Size: | 1.64 Acres |
| Building Size: | 3,000 SF |
| Year Built: | 2001 |
NNN Pro is pleased to present the exclusive listing for a Wendy's located at 2 Pratt Road, Plainfield, Connecticut 06374. The site consists of roughly 3000 rentable square feet of building space on an estimated 1.64-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $150,000 and has scheduled increases of Lesser of Change in CPI or 1.50% Annually.
About the Investment
- 20-Year Triple Net Lease (NNN) The landlord has zero lease responsibilities.
- Attractive Rental Increases Lesser of change in CPI, or 1.50% Annually.
- Strong Franchisee Guarantee Meritage Hospitality Group is an experienced 388+ unit operator, and is one of the largest Wendy's franchisee in the world.
Key Details
| Price: | $2,727,273 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $150,000 |
| Address: | 2 Pratt Road, Plainfield, Connecticut 06374 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | Lesser of Change in CPI or 1.50% Annually |
| Lot Size: | 1.64 Acres |
| Building Size: | 3,000 SF |
| Year Built: | 2001 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Ryan Sblendorio
rsblendorio@nnnpro.com
License: NY: 10401309105
Kyle Karsian
kkarsian@nnnpro.com
License: NY: 10401321452
Andrew Darby
adarby@nnnpro.com
License: NY: 10401380956
Broker of Record
Brian Brockman
Bang Realty-New England, Inc
License: REB.0792373
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.