Wendy’s NNN Retail – Acquisition

South, US

$1,500,000

Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis for the acquisition of a NNN Retail – Wendy’s Restaurant.

Property Description

Recently built in 2022, this Retail asset is an absolute NNN property with a brand new 20-Year lease. This new construction of a Wendy’s is located in a dense retail corridor with 2,841 SF of building space.

Sponsors

The sponsor is a NNN investor in Commercial Retail properties and has an extensive Real Estate portfolio exceeding $100M.

Challenges

  • Primary lender re-traded the deal prior to close.
  • Sourcing Non-Recourse Debt in a tertiary market.

Solutions

  • Tauro was able find a back up lender who was able to close in 4 weeks.
  • We sourced the back up lender that was able to provide Non-Recourse without extending the closing date.

Funding

  • Loan To Value: 60%
  • Amortization: 25 Years
  • Term: 10 Years
  • Recourse: Non-Recourse
  • Prepayment: 2-1-0

Director  | Capital Advisor

714-655-3720

glaws@taurocapitaladvisors.com

Managing Director  | Capital Advisor

714-401-7667

mbucaro@taurocapitaladvisors.com