Wendy's | 2 Pratt Rd
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Wendy's 2 Pratt Rd
3,000 SF Retail Building Plainfield, CT 06374 $2,727,273 ($909/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.
- Strong Franchisee Guarantee 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 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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
B
Year Built
2001
Price
$2,727,273
Price Per SF
$909
Cap Rate
5.50%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
1.64 AC
Zoning
CI
Frontage
84 FT on Pratt Street
PROPERTY TAXES
| Parcel Number | PLAI-000017-000011-000011A | Improvements Assessment | $329,480 |
| Land Assessment | $330,950 | Total Assessment | $660,430 |
PROPERTY TAXES
Parcel Number
PLAI-000017-000011-000011A
Land Assessment
$330,950
Improvements Assessment
$329,480
Total Assessment
$660,430
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Power Broker Glen Kunofsky -
Ryan Sblendorio -
Kyle Karsian -
Andrew Darby -
NNN Pro Group
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Wendy's | 2 Pratt Rd
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