1104 W Business U.S. 60 - Restaurant FOR SALE


Dexter, MO 63841
$2,608,695 USD
310-362-4303
1104 W Business U.S. 60, Dexter, MO for Sale
$2,608,695 USD
Restaurant - FOR SALE
1/4
null | 5.75% Cap Rate

1104 W Business U.S. 60
Dexter, MO 63841


HIGHLIGHTS

  • 20-year absolute NNN sale-leaseback to largest Wendy’s operator
  • Brand-new construction drive-thru (opening Jan 2025)
  • Located at hard-corner signalized intersection on US-60 Business, primary thoroughfare in Dexter
  • Top employers in Dexter include Tyson Foods and Walmart
  • Meritage Hospitality Group - Largest Wendy’s franchisee in system with 388 units in 16 states.
  • Wendy's has approximately 7,500 locations operating worldwide

OVERVIEW

This brand-new construction Wendy's features a 20-year absolute NNN sale-leaseback to Meritage Hospitality, largest Wendy’s operator with 388 units in 16 states. Wendy's is slated to open Jan 2025 and is located at hard-corner signalized intersection on Business US-60, the primary thoroughfare in Dexter. Surrounded by national retail, including Walmart (1 mile west), McDonald's, Verizon, Taco Bell, and much more. Wendy's is one of the most recognizable names in QSR and has approximately 7,500 locations operating worldwide.

FOR SALE DETAILS

PRICE

$2,608,695 USD

PRICE/SF

$574 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's - 20-Year NNN - New Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,138 SF

ZONING

-

APN/PARCEL ID

19-5.0-016-004-002-017.02000

ASK ABOUT THIS PROPERTY

Kyle GulockCentury Partners Real Estate Inc.More Info
310-362-4303

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Kyle GulockCentury Partners Real Estate Inc.More Info
310-362-4303

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