1415 E Main St - Restaurant FOR SALE


Cushing, OK 74023
$2,590,909 USD
332-345-4222
1415 E Main St, Cushing, OK for Sale
$2,590,909 USD
Restaurant - FOR SALE
1/2
null | 5.5% Cap Rate

1415 E Main St
Cushing, OK 74023


HIGHLIGHTS

  • 20-Year Triple Net Lease (NNN) | The landlord has zero lease responsibilities.
  • Meritage Hospitality Group is an experienced 388+ unit operator, and is one of the largest Wendy's franchisee in the world.
  • Attractive Rental Increases | Lesser of change in CPI, or 1.50% Annually.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Wendy's located at 1415 E. Main St, Cushing, OK 74023. The site consists of roughly 3,000 rentable square feet of building space on an estimated 1-acre parcel of land. This Wendy's will be subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $142,500 and has scheduled increases of Lesser of Change in CPI or 1.50% Annually.

FOR SALE DETAILS

PRICE

$2,590,909 USD

PRICE/SF

$864 USD /SF

CAP RATE

5.5%

% 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

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,509 SF

ZONING

-

APN/PARCEL ID

-

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.