1330 S Main St - Restaurant FOR SALE


Sikeston, MO 63801
$2,608,697 USD
332-345-4222
1330 S Main St, Sikeston, MO for Sale
$2,608,697 USD
Restaurant - FOR SALE
1/2
null | 5.75% Cap Rate

1330 S Main St
Sikeston, MO 63801


HIGHLIGHTS

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Half Percent (1.50%) Annually

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 1330 South Main Street, Sikeston, MO. The site consists of roughly 2,046 rentable square feet of building space on estimated 0.72-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commences upon Close of Escrow. The annual rent will be $150,000 and is scheduled to increase by the Lesser of Change in CPI or 1.50% Annually throughout the base term and in each of the Six (6), Five (5)-Year Renewal Options.

FOR SALE DETAILS

PRICE

$2,608,697 USD

PRICE/SF

$1,275 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

01-9.2-031-00-000-0004.01

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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