1130 Arkansas Ln - Fast Food FOR SALE
Grand Prairie, TX 75052 |
$3,247,619 USD
332-345-4164
1130 Arkansas Ln
Grand Prairie, TX 75052
HIGHLIGHTS
- Long Term Lease | 20-Year Absolute Triple Net (NNN) Lease with approximately 15 Years remaining
- Rent Growth Every 5 Years | Ten Percent (10% Rental Increases Every Five (5) Years
- Strong Franchise Guarantee
- Wendy's| The Wendy’s System Includes More Than 6,500 Franchise and Company Restaurants. Publicly Traded (NASDAQ: WEN) With a $4.88 Billion Market Cap
OVERVIEW
Surmount is pleased to present the exclusive listing for a Wendy's located at 1130 Arkansas Lane, Grand Prairie, TX 75052. The site consists of roughly 2,514 rentable square feet of building space on an estimated 0.78-acre parcel of land. This Wendy's is subject to a 20 Years-year Triple Net (NNN) lease, which commenced 12/27/2019. The current annual rent is $170,500 and has scheduled increases of 10.00% every 5 years.
FOR SALE DETAILS
PRICE
$3,247,619 USD
PRICE/SF
$1,292 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wendy's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.78 AC
LAND SF
33,759 SF
ZONING
Z31
APN/PARCEL ID
280772600A0040000
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332-345-4164
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332-345-4164
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