Property Highlights:
Newly constructed in 2022 – two-building, three-tenant design
7,800 SF retail center situated on 2.82 acres
100% leased to nationally recognized tenants: Wingstop, Firehouse Subs, and WellNow Urgent Care
Sale Price: $3,638,785 | CAP Rate: 7.00%
NOI: $254,715
Drive-thru equipped | Strong visibility and access along heavily traveled 11th Street
Limited landlord responsibilities (NN+ lease structure)
Long-term leases with personal guarantees and scheduled rental increases
Firehouse Subs and Wingstop feature (2) 5-year renewal options; WellNow includes (3) 5-year renewal options
Population exceeds 40,850 residents within a 5-mile radius
Tenant Strength:
Wingstop: Over 2,200 locations worldwide, publicly traded (NASDAQ: WING), $9B+ market cap
Firehouse Subs: 1,250+ locations, subsidiary of Restaurant Brands International (NYSE: QSR)
WellNow Urgent Care: Over 220 urgent care centers across several states, rapidly expanding footprint
This is a high-quality, stabilized investment anchored by strong, expanding national brands, offering durable cash flow with built-in rent escalations.