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Wendy's - 20-Year NNN - New Construction 1104 W Business U.S. 60

2,662 SF Retail Building Dexter, MO 63841 £2,043,391 (£768/SF) 5.75% Net Initial Yield

Investment Highlights

  • 20-year absolute NNN sale-leaseback to largest Wendy’s operator
  • Located at hard-corner signalized intersection on US-60 Business, primary thoroughfare in Dexter
  • Meritage Hospitality Group - Largest Wendy’s franchisee in system with 388 units in 16 states.
  • Brand-new construction drive-thru (opening Jan 2025)
  • Top employers in Dexter include Tyson Foods and Walmart
  • Wendy's has approximately 7,500 locations operating worldwide

Executive Summary

This brand-new construction Wendy's features a 20-year absolute NNN sale-leaseback to Meritage Hospitality, largest Wendy’s operator with 388 units in 16 states.
Wendy's is slated to open Jan 2025 and is located at hard-corner signalized intersection on Business US-60, the primary thoroughfare in Dexter.
Surrounded by national retail, including Walmart (1 mile west), McDonald's, Verizon, Taco Bell, and much more.
Wendy's is one of the most recognizable names in QSR and has approximately 7,500 locations operating worldwide.

Attachments

OM - Wendys - Dexter, MO

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,662 SF
Building Class
C
Year Built
2024
Price
£2,043,391
Price Per SF
£768
Net Initial Yield
5.75%
NOI
£117,495
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
0.62 AC
Frontage
200 ft on W Business US Highway 60

Amenities

  • 24 Hour Access
  • Corner Lot
  • Restaurant
  • Signage
  • Signalised Intersection
  • Drive Thru
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Meritage Hospitality
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Meritage Hospitality Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum -
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1104 W Business U.S. 60, Dexter, MO - aerial map view - Image1
1104 W Business U.S. 60, Dexter, MO - aerial map view - Image2

Nearby Major Retailers

U.S. Bank
Krispy Krunchy Chicken
Regions Bank
Huddle House
Buddy's Home Furnishings
Scooter's Coffee
Harps Food
Wings Etc.

PROPERTY TAXES

Parcel Number 19-5.0-016-004-002-017.02000 Improvements Assessment £0
Land Assessment £0 Total Assessment £70,911

PROPERTY TAXES

Parcel Number
19-5.0-016-004-002-017.02000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£70,911
(310) 362-4303 x2

Contacts

  • Listing ID: 34139203

  • Date on Market: 09/12/2024

  • Last Updated:

  • Address: 1104 W Business U.S. 60, Dexter, MO 63841

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1104 W Business U.S. 60, Dexter, MO for sale Construction Photo- Image 1 of 5
Brand-new construction
1104 W Business U.S. 60, Dexter, MO for sale Primary Photo- Image 2 of 5
Representative Photo
1104 W Business U.S. 60, Dexter, MO for sale Aerial- Image 3 of 5
Direct visibility to 11,000 VPD along Business US-60
1104 W Business U.S. 60, Dexter, MO for sale Aerial- Image 4 of 5
Primary retail thoroughfare - Walmart is 1 Mile west

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© 2024 CoStar Group

Wendy's - 20-Year NNN - New Construction | 1104 W Business U.S. 60
(310) 362-4303 x 2

Wendy's - 20-Year NNN - New Construction | 1104 W Business U.S. 60

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Kyle Gulock

(310) 362-4303

x2

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Matt Kramer

(310) 362-4303

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Joshua Berger

(424) 389-0582

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