Absolute Net Lease Wendy’s | Streator, IL

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