2085 N Reed Rd - Fast Food FOR SALE


Kokomo, IN 46901
$1,905,753 USD
925-390-8518
2085 N Reed Rd, Kokomo, IN for Sale
$1,905,753 USD
Fast Food - FOR SALE
1/6
null | 6.5% Cap Rate

2085 N Reed Rd
Kokomo, IN 46901


OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a Wendy’s located in Kokomo, Indiana. The property features a recently remodeled ±2,580 SF freestanding building situated along North Reed Road, offering excellent visibility, strong frontage, and ease of ingress and egress. The location benefits from immediate proximity to Kokomo’s dominant retail corridor, home to Markland Mall, Markland Plaza, and Kokomo Town Center. The property is secured by an Absolute NNN lease with zero landlord responsibilities, operated by Wendy’s of Bloomington, Inc.. The lease commenced in January 2017 and extends through January 2037, with no renewal options. A complete remodel was completed, aligning the store with Wendy’s latest brand standards. The surrounding trade area includes a strong mix of national retailers such as Walmart, Sam’s Club, Target, Meijer, Aldi, PetSmart, JoAnn Fabrics, Big Lots, Planet Fitness, and Gabe’s, driving consistent daily traffic and reinforcing the property's long-term viability. Additionally, nearby access to Highway 931 and State Route 22 provides convenient regional connectivity.

FOR SALE DETAILS

PRICE

$1,905,753 USD

PRICE/SF

$737 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long-Term Absolute NNN Leased Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

-

APN/PARCEL ID

34-04-30-201-022.000-002

ASK ABOUT THIS PROPERTY

Jason DenhamThe Kase GroupMore Info
925-390-8518

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Jason DenhamThe Kase GroupMore Info
925-390-8518

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.