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2 Pratt Rd 3,000 SF Retail Building Plainfield, CT 06374 $2,835,486 ($945.16/SF) 5.45% Cap Rate
Investment Highlights
- Long-term Absolute NNN Lease |25+ Year Operating History
- Guarantee from Largest Wendy's Franchisee in the United States
- Attractive Annual Rental Increases
- Large Lot with Significant Traffic | Directly Off Interstate - 395
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 2 Pratt Rd, Plainfield, CT 06374. The site consists of roughly 3,000 rentable square feet of building space on an estimated 1.64-acre parcel of land. This Wendy's is subject to a 20 Years-year Triple Net (NNN) lease, which commenced 12/27/2024. The current annual rent is $154,250 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,000 SF
Building Class
B
Year Built
2001
Price
$2,835,486
Price Per SF
$945.16
Cap Rate
5.45%
NOI
$154,534
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.64 AC
Zoning
CI
Frontage
84’ on Pratt Street
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | PLAI-000017-000011-000011A | Improvements Assessment | $329,480 |
| Land Assessment | $330,950 | Total Assessment | $660,430 |
Property Taxes
Parcel Number
PLAI-000017-000011-000011A
Land Assessment
$330,950
Improvements Assessment
$329,480
Total Assessment
$660,430
Contacts
-
Stewart Hickey -
Anthony D'Ambrosia -
Josh Kanter -
Glen Kunofsky -
Christopher Marks -
Surmount
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2 Pratt Rd
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