2 Pratt Rd Plainfield, CT 06374-2043

Property Details for 2 Pratt Rd

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.64 lot acres

Property size

2,967 SF

Zone code

CI

Property type

Showrooms

APN

PLAI M:017 B:0011 L:011A

APU

PLAIM017B0011L011A

Description

This exceptional investment opportunity presents a fee-simple Wendy's restaurant located at 2 Pratt Rd, Plainfield, CT 06374. The property boasts a 3,000 square foot building situated on a 1.64-acre lot. A 20-year triple-net (NNN) lease is in place, ensuring minimal landlord responsibilities. The annual net operating income (NOI) is $150,000, yielding a 5.50% cap rate. The lease features annual rent increases, the lesser of the change in the Consumer Price Index (CPI) or 1.50%. Built in 2001, this Wendy's benefits from a corporate guarantee provided by Meritage Hospitality Group, a significant and experienced Wendy's franchisee operating over 388 units. The property's strong tenant, favorable lease terms, and attractive cap rate make it an ideal addition to any investment portfolio. This is a fee simple ownership opportunity with a long-term, secure lease, offering predictable cash flow and significant appreciation potential. The property's location in Plainfield, Connecticut, provides convenient access to a substantial customer base. The asking price for this exceptional investment is $2,727,273. This Wendy's represents a compelling opportunity for investors seeking a stable, high-yield, and low-maintenance investment in the quick-service restaurant sector.

Location Insight

City

Plainfield

County

Windham

State

Connecticut

Longitude

-71.9121

Latitude

41.6649

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments