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Wendy's 1330 S Main St

2,046 SF Retail Building Sikeston, MO 63801 £2,058,262 (£1,006/SF) 5.75% Net Initial Yield

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Half Percent (1.50%) Annually
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 1330 South Main Street, Sikeston, MO. The site consists of roughly 2,046 rentable square feet of building space on estimated 0.72-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commences upon Close of Escrow. The annual rent will be $150,000 and is scheduled to increase by the Lesser of Change in CPI or 1.50% Annually throughout the base term and in each of the Six (6), Five (5)-Year Renewal Options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,046 SF
Building Class
C
Year Built
2024
Price
£2,058,262
Price Per SF
£1,006
Net Initial Yield
5.75%
NOI
£118,350
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
0.72 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
22 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
122 ft on South Main Street
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1330 S Main St, Sikeston, MO - aerial map view

PROPERTY TAXES

Parcel Number 01-9.2-031-00-000-0004.01 Improvements Assessment £0
Land Assessment £0 Total Assessment £84,423

PROPERTY TAXES

Parcel Number
01-9.2-031-00-000-0004.01
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£84,423
(332) 345-4222

  • Listing ID: 31221329

  • Date on Market: 14/03/2024

  • Last Updated:

  • Address: 1330 S Main St, Sikeston, MO 63801

The Retail Property at 1330 S Main St, Sikeston, MO 63801 is currently available For Sale. Contact NNN Pro Group for more information.

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© 2024 CoStar Group

Wendy's | 1330 S Main St
(332) 345-4222 x

Wendy's | 1330 S Main St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Ryan Sblendorio

(332) 345-4268

(332) 345-4268

Kyle Karsian

(332) 345-4271

(332) 345-4271

Amelia Haydock

(332) 345-2408

(332) 345-2408

Andrew Darby

(332) 345-7299

(332) 345-7299

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