For Sale

Absolute Net Lease Wendy’s | Streator, IL

Asking Price: $1,650,000 | Cap Rate: 5.45%

  • Net Operating Income: $89,722
  • Weighted Avg. Lease Term (WALT): 20 Years
  • Lease Type: Absolute Net

Property Highlights

  • Brand new high-quality construction; with a 20 year absolute-net lease
  • Very attractive rent escalations with 10% in year 6, and 5% escalations every 5 years thereafter, including 4 (5) year options
  • Rapidly expanding franchisee; currently operates 10 locations and averages over $1.4M per store
  • Shadow-anchored by Walmart Supercenter, drawing heavy traffic to center from neighboring towns up to 16 miles away