Wendy’s

Troy, Ohio

NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 825 W Main St in Troy, OH. The site consists of roughly 2,411 rentable square feet of building space on estimated 0.59-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 17th, 2012. The current annual rent is $129,214 and is scheduled to increase by 6% every 5 years throughout the base term and in each of the 2, 5-year renewal options.

 Long-Term, 20-Year Absolute Triple Net (NNN) Lease
 Approximately 9.9 Years Remaining
 Six Percent (6%) Rental Increases Occurring Every Five (5) Years
 Two (2), Five (5)-Year Tenant Renewal Options

Key Details

Price:: $1,914,281
Cap Rate:: 6.75%
Annual Rent:: $129,214
Address:: 825 W Main Street, Troy, Ohio 45373
Property Type:: Retail
Lease Type:: Absolute Triple-Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: 12/17/2012
Lease Expiration:: 12/31/32
Lease Term Remaining:: 9.9 Years
Rental Increases:: 6% Every 5 Years
Lot Size:: 0.59 Acres
Building Size:: 2,411 SF
Year Built:: 1977
Year Renovated:: 1999
Tenant:: Wendy’s

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Ryan Sblendorio

rsblendorio@nnnpro.com

License: 10401309105

Francis Purritano

fpurritano@nnnpro.com

License: 10401333619

Nicole Lin

nlin@nnnpro.com

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