Cap Rate: 5.65%
Net Operating Income: $134,880
Year Built: 2019
The subject property is a new construction 2,319 SF Wendy’s located in Duncan, OK. The site is operating on a new 20 year lease with 10% increases every 5 years. This is an absolute NNN lease with zero landlord responsibilities. The site is strategically located in the retail corridor on Highway 81 which sees over 23,000 VPD and has a trade area population of 44,581. The site benefits from multiple surrounding retailers including Walmart, McDonald’s, Arby’s, Tractor Supply, Ross, Sonic, Applebee’s and many more. Wendy’s is the 3rd largest quick-service hamburger company with nearly 6,500 locations across 29 countries worldwide.
Duncan is a city and county seat of Stephens County, Oklahoma, United States. The population was 23,431 at the 2010 census.The town is situated approximately 30 miles east of Lawton and 80 miles (130 km) south of Oklahoma City. It is on U.S. Highway 81.