For Sale
$2,590,909

1415 Main St Cushing, OK 74023

Cushing, OK Wendy's - 20-Year NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity features a brand-new, 2,385 square foot Wendy's restaurant located at 1415 E Main St, Cushing, OK 74023. Situated on a 0.73-acre lot, this property boasts a 20-year triple-net (NNN) lease with a highly reputable corporate guarantor, Meritage Hospitality Group, one of the world's largest Wendy's franchisees. The lease includes annual rent increases, the lesser of the change in CPI or 1.50%, providing consistent income growth. Built in 2025, this property offers a strong 5.50% cap rate with a current net operating income (NOI) of $142,500. The landlord is completely free from lease responsibilities, making this a low-maintenance, high-return investment. The property's prime location and the strength of the Wendy's brand ensure long-term stability and value appreciation. This is a rare opportunity to acquire a passive income stream backed by a world-renowned franchise and a financially sound operator. The asking price is $2,590,909. This investment is 100% occupied.

Highlights

  • $2,590,909 asking price for this Wendy's retail property.
  • 20-year triple-net (NNN) lease with zero landlord responsibilities.
  • Strong corporate guarantee from Meritage Hospitality Group, a major Wendy's franchisee.
  • Annual rent increases of the lesser of CPI or 1.50%.
  • Brand new construction (2025), 2,385 square feet on a 0.73-acre lot in Cushing, Oklahoma.

Property Details for 1415 Main St

Property type
Retail properties
Square Feet
2,385 SF
Year Built
2025
Lot Size (sq. ft)
31,799 SF

Location Insight

City
Cushing
County
Payne
State
Oklahoma
Latitude
35.9846946
Longitude
-96.7488138

FAQs

What type of property is this?
Retail property - Cushing, OK Wendy's - 20-Year NNN Lease
Where is the retail property located?
The property is located at 1415 Main St Cushing, OK.
What is the asking price?
The asking price for this property is $2,590,909.
What are key features of this property?
This property features: $2,590,909 asking price for this Wendy's retail property.; 20-year triple-net (NNN) lease with zero landlord responsibilities.; Strong corporate guarantee from Meritage Hospitality Group, a major Wendy's franchisee.
How can I contact the broker?
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1415 Main St
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