Price: $3,233,224
Cap Rate: 4.25%
Net Operating Income: $137,412
Square Footage: 2,533
Year Built: 2022
The Kase Group is pleased to present the rare opportunity to acquire an absolute NNN Wendy’s in Paris, TX. The long-term lease features 10% increases every 5 years in the initial term and during the option terms and is absolute NNN with zero landlord responsibilities.
Nearby Paris Towne Center with Hobby Lobby, Belk, and ALDI as anchoring tenants. Other retailers in the area include Whataburger, Starbucks, Chick-fil-A, and Walmart Supercenter.
Paris is a city and county seat of Lamar County, Texas, United States. Located in Northeast Texas at the western edge of the Piney Woods, the population of the city was 24,171 in 2020.
Following a tradition of American cities named “Paris” (named after France’s capital), the city commissioned a 65-foot-tall (20 m) replica of the Eiffel Tower in 1993 and installed it on site of the Love Civic Center, southeast of the town square. In 1998, presumably as a response to the 1993 construction of a 60-foot-tall (18 m) tower in Paris, Tennessee, the city placed a giant red cowboy hat atop its tower.
