69 Route 73 - Fast Food FOR SALE
Voorhees, NJ 08043 |
$2,741,895 USD
248-702-0288
69 Route 73
Voorhees, NJ 08043
HIGHLIGHTS
- Absolute triple net (NNN) lease structure with zero landlord responsibilities, delivering a passive investment profile with minimal requirements
- Approximately 8.5 years of remaining lease term featuring contractual 1.5% annual rental increases, providing built-in income growth
- Wend New Jersey, LLC (Flynn Group), the largest Wendy’s franchisee in North America and one of the largest restaurant operators
- Eight (8) five-year renewal options with 270-day notice, with rental increases continuing throughout option periods
- Strong operating performance with healthy reported sales volumes (contact agent for additional details)
- Proven operating history with tenant occupancy at the site for many years and a decades-long operating history as a Wendy’s location
FOR SALE DETAILS
PRICE
$2,741,895 USD
PRICE/SF
$914 USD /SF
CAP RATE
5.75%
% 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
1996
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.02 AC
LAND SF
87,991 SF
ZONING
EIB
APN/PARCEL ID
06-01001-0000-00006-01,34-00271-0000-00011
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248-702-0288
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248-702-0288
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