Wendy's NNN Property For Sale — Chicago, IL · 3,485 SF
Chicago, IL 60636
Wendy's absolute NNN corporate ground lease located in a densely populated urban infill trade area of Chicago, IL. The property features a drive-thru facility constructed in 2015 on an approximately 0.80-acre parcel. The lease provides completely passive ownership with zero landlord maintenance responsibilities, attractive 10% rental increases every five years, and three 5-year renewal options. Positioned along the heavily traveled S Western Avenue corridor, the site serves a robust customer base of approximately 700,000 residents within a 5-mile radius.
- Address: Chicago, IL 60636
- Asking price $1.49M
- 7.70% cap rate
- NOI $114,950
- 4.5 years remaining
- NNN lease
- Year built: 2015
- Building size: 3,485 SF
- Lot size: 0.80 acres
- Lease expiration: Jan 1, 2031
- Rent increases: 10% Every 5 Years
- Guarantor: Corporate
Location
This Wendy's property is in Chicago, Illinois.
Asset type: QSR