Wendy’s

Kennett, Missouri

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 1456 First Street in Kennett, MO. The property consists of 2,853 square feet of building space and is situated on approximately 0.70 acres of land. This Wendy’s is subject to a 20-year triple-net (NNN) lease, which will commence at closing. The annual rent is $135,000 and is scheduled to increase by the lessor of the change in CPA and 1.25% annually throughout the base term, beginning in Year 3 and in each of the Six (6), Five (5)- Year option periods.

 Brand New 20-Year Sale-Leaseback
 Triple Net (NNN) Lease with Zero Landlord Responsibilities
 Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
 Six (6) Tenant Renewal Periods of Five (5) Years Each
 BRAND NEW CONSTRUCTION | OPENING SEPTEMBER 2022

Key Details

Price:: $2,921,053
Cap Rate:: 4.75%
Annual Rent:: $138,750
Address:: 1456 First Street, Kennett, Missouri 63857
Property Type:: Quick Service Restaurant
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Day Following Close of Escrow
Lease Expiration:: 20 Years from Close of Escrow
Lease Term Remaining:: 20 Years
Rental Increases:: Lessor of Change in CPI or 1.25% Annually Starting Year 3
Lot Size:: 0.70 Acres
Building Size:: 2,853 SF
Year Built:: 2022
Tenant:: Wendy’s