Highlights

• NNN Lease - Zero Landlord Responsibilities
• New 20-year Lease
• Rental Increases of 1.5% Every Year

• Franchisee Has Significant Experience

Description

The subject property is located in Dallas, Texas. This Wendy's restaurant is approximately 2,500 square feet and sits on approximately 1.1 acres of land. The building was constructed in 1995 and the store is currently going through some improvements.

This is an absolute NNN leased opportunity where the landlord will have no responsibilities. A 20-year lease commenced on February 25th, 2008. The rent increases by 1.5% annually. This investment has an initial Cap Rate of 8%.

The lease is guaranteed by eLanes Wheatland, LLC. The principals of this entity have significant restaurant experience and are also principals in the Boston Culinary Group.

This investment opportunity is located on Wheatland Road in Dallas, Texas. The site is located close to the Intersection off Interstate 20 and State Highway 67. As a result of the excellent location on this major commercial thoroughfare the traffic count on Wheatland Road is estimated at almost 30,000 vehicles per day. The traffic count in the immediate area on Interstate 20 is almost 99,000 vehicles per day and further north on the Interstate even 136,000 vehicles per day.
This investment opportunity is an outparcel to a Sam' s Club. Directly across the street from the Wendy' s are a Super Wal-Mart and a Home Depot. On the other side of nearby Interstate 20 is a new Target as well as a Bank of America and a Chili' s restaurant.
A quarter mile up Wheatland Road is the Methodist Hospital which is going currently going through a $116 million expansion. The Hospital expansion includes a medical office building, parking garage, new main entrance, 72-bed patient bed tower, additional surgical suites and cardiac cath lab expansion. Construction has begun and is scheduled to be completed in the spring of 2009.
There are many local and national commercial retailers and restaurants