Offering Memorandum
Property Highlights
- THIS WENDY’S WAS RECENTLY ACQUIRED BY RICKI OBEROI, A WELL REGARDED WENDY’S FRANCHISEE SINCE 1996 (RKR RESTAURANTS LLC 15-UNIT FRANCHISEE) AND ENTERED INTO A 20 YEAR LEASE IN 2019
- 40-YEAR OPERATING HISTORY AT THIS LOCATION
- LOCATED TWO MILES FROM THE JUAREZ-LINCOLN INTERNATIONAL BRIDGE 2, ONE OF THE MOST TRAFFICKED BORDER CROSSINGS, WHICH NOW ONLY SERVES BUSES AND NON-COMMERCIAL TRAFFIC DUE TO HEAVY TRAFFIC DEMAND
- LONG LEASE TERM REMAINING (19 YEARS)
- THIS WENDY'S HAS BEEN IN OPERATION SINCE 1980, WITH A 40-YEAR SUCCESSFUL TRACK RECORD AND A COMPLETE RENOVATION IN 2017
- Price: $1,834,000
- Lot Size: .83
- Cap Rate: 5.75%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 2001/2017
- Building SF: 3,265
- Status: Sold
- Guarantor: Franchisee