Wendy's Triple-Net
1011 Park Ave Meadville, PA 16335
1011 Park Ave, Meadville, PA, 16335
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For Sale
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Absolute triple-net Wendy’s investment with a corporately guaranteed lease and 16+ years of remaining term.
Days on Market102
Property Features for 1011 Park Ave
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Horvath & Tremblay
Listed by
Matthew Nadler · License #MA 134870
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 5:28PM Checked: Jul 21 at 5:28PM
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Investment Insights
Based on property information with market context.
Horvath & Tremblay presents an exclusive opportunity to acquire a Wendy’s investment property at 1011 Park Avenue in Downtown Meadville, Pennsylvania. The property is subject to an absolute triple-net lease with Wendy’s at the location and includes a corporately guaranteed lease structure.
Wendy’s has operated at the site for a long period and signed a new 20-year lease in 2016. The lease currently has 16+ years of term remaining, plus one 5-year option and one 4-year renewal option. The rent schedule includes a 10% rent increase in April 2021 and every five years thereafter.
This is offered as a long-term, absolute triple-net investment with built-in rent increases and multiple renewal opportunities.
Wendy’s has operated at the site for a long period and signed a new 20-year lease in 2016. The lease currently has 16+ years of term remaining, plus one 5-year option and one 4-year renewal option. The rent schedule includes a 10% rent increase in April 2021 and every five years thereafter.
This is offered as a long-term, absolute triple-net investment with built-in rent increases and multiple renewal opportunities.
Key Highlights
- Absolute triple‑net (NNN) Wendy’s investment property at 1011 Park Avenue in Downtown Meadville, PA
- 20‑year lease signed in 2016 with 16+ years of term remaining plus one 5‑year option and one 4‑year renewal option
- 10% rent increase scheduled for April 2021 and every five years thereafter under the lease
Property Analytics
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute triple-net Wendy’s investment with a corporately guaranteed lease and 16+ years of remaining term.
Where is this nnn property located?
The property is located at 1011 Park Ave Meadville, PA.
What are key features of this property?
This property features: Absolute triple‑net (NNN) Wendy’s investment property at 1011 Park Avenue in Downtown Meadville, PA; 20‑year lease signed in 2016 with 16+ years of term remaining plus one 5‑year option and one 4‑year renewal option; 10% rent increase scheduled for April 2021 and every five years thereafter under the lease
