Absolute NNN Lease

Wendy's

11650 Lakeridge Parkway | Ashland, VA

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Stats

$2,191,180

Asking Price

5.85%

Cap Rate

$128,184

NOI

NNN

Lease Type

Highlights

Long Term Investment – Wendy’s has 10 years remaining on the base term of their lease with four 5-year options to renew.

Absolute NNN Lease – The tenant is responsible for all expenses providing an investor with a safe passive investment and no landlord responsibilities.

#1 Wendy’s Operator – Meritage Hospitality Group, Inc. is the nation’s largest Wendy’s operator, with over 380 restaurants in 16 states. They are actively expanding, aiming to grow operations to 500.

Wendy’s continues to be a premier restaurant brand with 6,500+ restaurants in the United States and located in 30 countries worldwide.