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Wendy’s

Troy, Ohio

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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

License: 49KU1129178

Ryan Sblendorio

License: 10401309105

Francis Purritano

License: 10401333619

Nicole Lin


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