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
