Wendy's NNN Property For Sale — Aurora, IL
801 N Lake St, Aurora, IL 60506
An exceptional opportunity to acquire a corporately guaranteed, absolute NNN ground-leased Wendy's restaurant with drive-thru in Aurora, IL. This property features a recent 15-year lease extension with three (3) five-year options, providing long-term stable income. The 2,640 square foot building is situated on a 1.09-acre lot, benefiting from high traffic counts of over 21,000 cars per day on Lake Street. The location boasts robust demographics with nearly 140,000 residents within a 3-mile radius and an average household income exceeding $69,000. The property has seen recent capital improvements including an interior remodel in 2018 and exterior parking lot work in 2019. It is strategically positioned amidst other prominent national retailers, ensuring strong commercial activity and consi…
- Address: 801 N Lake St, Aurora, IL 60506
- Asking price $1.74M
- 4.65% cap rate
- NOI $81,000
- 6.8 years remaining
- NNN lease
- Year built: 1979
- Building size: 2,640 SF
- Lot size: 1.09 acres
- Lease expiration: Jun 30, 2033
- Rent increases: Year 1-15: $81,000.00; Option 1 (Year 16-20): $90,000.00; Option 2 (Year 21-25): $96,000.00; Option 3 (Year 26-30): $102,000.00
- Guarantor: Corporate
Location
This Wendy's property is at 801 N Lake St in Aurora, Illinois.
Asset type: QSR