NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 436 South Main Street in Lapeer, Michigan. The site consists of roughly 2,273 rentable square feet of building space on estimated 0.95-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2015. The current annual rent is $119,070 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 2, 5-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 12.1 Years of Base Lease Term Remaining
✓ Corporate Guarantee from Wendy’s Properties, LLC
✓ Subleased to WEN NATIONAL, LLC, a 40+ Unit Wendy’s Operator
✓ Long Term Operating History | This Wendy’s Has Operated at This Location For Over 45 Years
