1415 Main St Cushing, OK 74023-3041

Property Details for 1415 Main St

Year built

1951

Lot size

9.00 lot acres

Property size

5,200 SF

Property type

Warehouses

APN

600010013

APU

600010013

Description

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.

Location Insight

City

Cushing

County

Payne

State

Oklahoma

Longitude

-96.7487

Latitude

35.9848

CBSA code

44660

CBSA name

STILLWATER, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments