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110 West 12th, Newton, KS, 67114

Wendy’s

$1,555,329

Key Information

Cap Rate
7%
Tot. SF
2,814
Lot Size
0.83 Acres
Year Built
1986
Term Remaining
± 14.3 Years
Type
Retail
Occupancy
100%
NOI
$108,873

Highlights

• 14-Year NNN Lease | Long-Term Security – The property features approximately 14 years of remaining lease term, providing a future investor with long-term income. Additionally, the Absolute NNN lease structure provides for zero landlord expenses or responsibilities, allowing for a truly passive investment throughout the remaining lease term.
• 20+ Years Of Proven Operating History – Wendy’s has operated at this location for more than 20 years, demonstrating a proven operating history and long-term commitment to the property. This provides a future investor with additional security in the strength and viability of the location.
• Recent Renovation | Tenant Reinvestment in the Property – The location was recently renovated, showing the tenant’s continued investment in the property while giving a investor added confidence in the locations’ long-term viability.
• Major Investment & Job Growth – Newton continues to see new investment and job growth. GAF Materials is developing a new manufacturing facility at the Kansas Logistics Park expected to create significantly more jobs, while Hillsboro Industries recently opened a 56,000 square-foot manufacturing facility representing an $11 million investment. These investments continue to strengthen the local employment base and bring additional economic activity to the market.
• Proximity to Wichita – Newton is located approximately 25 miles north of Wichita and is part of the Wichita Metropolitan Area, providing the property access to one of the largest population and employment centers in Kansas.
• Nationally Recognized QSR Brand – Wendy’s is one of the largest and most recognizable QSR brands in the country with more than 7,300 restaurants worldwide, providing a investor with the security of a proven and established national brand.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239429, #CO00002672 (KS)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203