2 Pratt Rd Plainfield, CT 06374-2043
Property profile & analytics
2 Pratt Rd Plainfield, CT 06374-2043
- Showrooms
- 2,967 SF
- 1.64 lot acres
Property ID
US15-1057021
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Wendy's / Restaurant / Take-out & Catering
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,675
$330,950
$329,480
$660,430
-
$0.00
$0.00
$0.00
