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749 South Highland Street
Memphis, TN 38111
Asking Price
$2.52M
Cap Rate
5.5%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
<ul><li>Long Term Absolute Triple-Net (NNN) Lease | This site is subject to an original twenty year absolute triple net (NNN) lease, with no landlord responsibilities. There are over fifteen years remaining in the base term, with an additional six, five-year option periods. </li><li>Experienced Franchisee | Meritage Hospitality Group is an experienced 388+ unit operator and is one of the largest Wendy's franchisees in the world. Meritage is publicly traded (OTCQX: MHGU).</li><li>Nationally Re
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NOI
$80,000
Cap Rate
3.18%
DSCR
0.54
Underwater
Cash-on-Cash
-9.19%
Monthly Payment
$12,443.367
Annual Cash Flow
$-69,320.407
