Wendy’s | Absolute NNN Leased Offering

3300 S Oneida St, Appleton, WI

$2,502,500

Price

5%

Cap Rate

$125,125

NOI

Overview
Cap Rate
5%
NOI
$125,125
Building Size
3,771 sqft
Lot Area
1.1 acres
Lease Type
Absolute Net
Description

The subject property is a long term NNN leased Wendy’s located in Appleton, Wisconsin. There are 16 years remaining on the initial 20 year term. The lease is guaranteed by Starboard Restaurants - operator of 180 Wendy’s. This lease calls for zero landlord obligations and scheduled annual increases of 1.5%. The tenant also has four, 5-year options to renew. The site benefits from its location in a major retail trade area and from heavy traffic counts of 23,000 VPD along S Oneida Rd and E Meadow Grove Blvd N.

Highlights
  • Long Term Absolute NNN Lease
  • Annual 1.5% Increases in Rent
  • Zero Landlord Obligations
  • Located in a Major Retail Trade Area
  • Strong Operator
  • Heavy Traffic Counts - 23,000 VPD
Documents
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery