NNN WENDY'S

Greater Indianapolis Area

SUMMARY

Garito and Company is pleased to offer for sale a 100% fee simple interest in the newly constructed, free-standing Wendy’s with drive-thru located in Johnson County, Indiana. The location will be open will be sold with a 20-year NNN lease term, no landlord responsibilities and rent steps every 5 years.

PROPERTY HIGHLIGHTS

SITE SPECIFICATIONS

PRICE

$2,181,818

DEMOGRAPHICS

RADIUS

3 MILE

5 MILE

POPULATION

56,016

133,721

Avg. Household Income (2018)

$68,089

$75,919

ESTIMATED HOUSEHOLDS

2,514

22,566

PROPERTY OVERVIEW

TENANT NAME:

WENDY'S

Grantor:

Personal Guarantee

OWNERSHIP TYPE/LEASE TYPE:

FEE SIMPLE/NNN

LANDLORD RESPONSIBILITIES:

NONE

LEASE TERM REMAINING:

20 YEARS

PRICE:

$2,181,818

YEAR-ONE NOI:

$120,000

CAP RATE:

5.5%