2 Pratt Rd - Fast Food FOR SALE


Plainfield, CT 06374
$2,727,273 USD
332-345-4222
2 Pratt Rd, Plainfield, CT for Sale
$2,727,273 USD
Fast Food - FOR SALE
1/2
null | 5.5% Cap Rate

2 Pratt Rd
Plainfield, CT 06374


HIGHLIGHTS

  • 20-Year Triple Net Lease (NNN) The landlord has zero lease responsibilities.
  • Strong Franchisee Guarantee 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 2 Pratt Rd, Plainfield, CT 06374. The site consists of roughly 3,000 rentable square feet of building space on an estimated 1.64-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $150,000 and has scheduled increases of Lesser of Change in CPI or 1.50% Annually.

FOR SALE DETAILS

PRICE

$2,727,273 USD

PRICE/SF

$909 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

CI

APN/PARCEL ID

PLAI-000017-000011-000011A

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.