Wendy's | 1415 E Main St
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Wendy's 1415 E Main St
3,000 SF Industrial Building Cushing, OK 74023 $2,590,909 ($864/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-Year Triple Net Lease (NNN) | The landlord has zero lease responsibilities.
- Attractive Rental Increases | Lesser of change in CPI, or 1.50% Annually.
- Meritage Hospitality Group is an experienced 388+ unit operator, and is one of the largest Wendy's franchisee in the world.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $2,590,909 | Lot Size | 1.00 AC |
| Price Per SF | $864 | Rentable Building Area | 3,000 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 5.50% | Year Built | 2025 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 3.33/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $2,590,909 |
| Price Per SF | $864 |
| Sale Type | Investment NNN |
| Cap Rate | 5.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.00 AC |
| Rentable Building Area | 3,000 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Tenancy | Single |
| Parking Ratio | 3.33/1,000 SF |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Number | 600010013 | Improvements Assessment | $12,130 |
| Land Assessment | $2,132 | Total Assessment | $14,262 |
PROPERTY TAXES
Parcel Number
600010013
Land Assessment
$2,132
Improvements Assessment
$12,130
Total Assessment
$14,262
ZONING
| Zoning Code | R7B (Medium-density apartment house district with lower parking requirements) |
| R7B (Medium-density apartment house district with lower parking requirements) |
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Wendy's | 1415 E Main St
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