Single Tenant Wendy's | Clovis NM

Retail-Commercial for Sale
Catylist Listing ID: 30737527
Property Subtypes: Restaurant
Building Size (RSF): 3,000 SF
Gross Land Area: 0.83 Acres
Sale Price: $3,789,000
Unit Price: $1,263 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 4.75%
Last Updated: 6/14/2021

Overview / Comments

- Restaurant remodeled in 2018 and is located on the signalized corner of a high traffic, four-lane thoroughfare
- In main commercial corridor surrounded by national retailers
- Brand new 20-year lease with four 5-year options and 8% increases every 5 years
- This restaurant is operated by a highly profitable 6 unit franchisee that has been in business continuously since 1992
- Affiliated with Wendcentral, LLC, an award winning, nationally recognized Wendy's franchisee

Attachments & Media

Additional Details

Nearest MSA: Clovis
County: Curry
Tax ID/APN: 121201201225500

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,880 35,138 36,565
Median Age: 37.08 32.83 32.78
Households: 4,066 13,405 13,914

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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