4071 Covington Hwy - Fast Food FOR SALE


Decatur, GA 30032
$3,262,136 USD
332-345-4222
4071 Covington Hwy, Decatur, GA for Sale
$3,262,136 USD
Fast Food - FOR SALE
1/2
null | 5.15% Cap Rate

4071 Covington Hwy
Decatur, GA 30032


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 4071 Covington Hwy, Decatur, GA 30032. The site consists of roughly 2,926 rentable square feet of building space on an estimated 0.9-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 $168,000 and has scheduled increases of Lesser of Change in CPI or 1.50% Annually.

FOR SALE DETAILS

PRICE

$3,262,136 USD

PRICE/SF

$1,115 USD /SF

CAP RATE

5.15%

% 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

1992

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C1, DeKalb County

APN/PARCEL ID

15-197-18-001

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.