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Wendy's 7305 Highway 182 E 3,037 SF Retail Building Morgan City, LA 70380 $1,500,000 ($493.91/SF) 7% Cap Rate
EXECUTIVE SUMMARY
This Wendy’s Restaurant in Morgan City, LA was significantly renovated in 2023. New 15 year Absolute NNN lease comes with a personal guarantee from the franchisee. This franchisee has been with Wendy's for 29 years and currently owns and operates 9 stores with two more to open in late 2024 and 2025.. Financials on the franchisee and the lease document are available upon the execution of a NDA.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,037 SF
Building Class
C
Year Built
2010
Price
$1,500,000
Price Per SF
$493.91
Cap Rate
7%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.53 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3254341186 | Improvements Assessment | $52,445 |
| Land Assessment | $18,100 | Total Assessment | $70,545 |
PROPERTY TAXES
Parcel Number
3254341186
Land Assessment
$18,100
Improvements Assessment
$52,445
Total Assessment
$70,545
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Wendy's | 7305 Highway 182 E
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