04-06: Wendy's, Shopping Center + 2012 Restaurant Investments Guide

2012 Restaurant Investment Guide: the article has just been revised.  Click here for the full article.

1.  Shopping Center in Chico, CA: 19,560 SF shopping center built in 1992 on 1.33 ac lot close to North Valley Plaza Mall. Shadow-anchored by a 52,449 SF Safeway supermarket & gas station in a growing city in Northern CA. 86% NNN leased. NOI $338K/yr. $3.19M. 10.62% cap. Upside potential. Buyer to assume $1.715M fully-amortized loan at 6.09% interest rate.  
2. Wendy’s in Lilburn, GA: 3100 SF Wendy’s drive-thru restaurant built in 2000 on .78 ac outparcel at the entrance to Publix supermarket.  In high income Atlanta metro. 100% absolute NNN corp lease with 15 yrs left. NOI $97K/yr with 1.5% rent bumps in yrs 6-16. $1.39M. 7% cap.

© Transmercial 2012