Wendy's NNN Property For Sale — Morgan City, LA · 3,037 SF
Morgan City, LA 70380
This offering features a highly desirable single-tenant Wendy's restaurant operating under a new 15-year absolute NNN lease. The property benefits from scheduled rent increases every five years, providing an attractive income stream for investors.
- Address: Morgan City, LA 70380
- Asking price $1.50M
- 7.00% cap rate
- NOI $105,000
- 15 years remaining
- NNN lease
- Year built: 1997
- Building size: 3,037 SF
- Lot size: 0.90 acres
- Rent increases: Rent increases every five years
- Guarantor: Corporate
Location
This Wendy's property is in Morgan City, Louisiana.
Asset type: Restaurant