Wendy’s Triple-Net Lease (NNN) Loan Funded
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LTV (Loan to Value) | 44.00% | Current NOI | $0.00 |
Interest Rate | 4.050% | Capital Rate | 0.000% |
Fixed Term | 10 Years | Land Area | |
Amortization | 25 Years | Lease Type | |
Loan Amount | $0.00 | Property Type | |
Payment | $0.00 | Property Lease | |
Bulding Size | 0 SF | Remaining Terms |
Location Description
Fort Worth is the 16th-largest city in the United States and the fifth-largest city in the state of Texas. Located in North Central Texas, the city is a cultural gateway into the American West and covers nearly 350 square miles in Tarrant, Denton, Johnson, Parker, and Wise counties - serving as the seat for Tarrant County. According to the 2010 census, Fort Worth had a population of 741,206. the city is the second-largest in the Dallas - Fort Worth - Arlington metropolitan area. The Dallas - Fort Worth Metroplex (DFW, the Metroplex) is the largest Metropolitan Statistical Area (MSA) in Texas and the fourth largest in the United States. This dynamic 12-county region is the economic and cultural hub of the region commonly referred to as North Texas or the Metroplex. As the nation's fasting growing metropolitan area, DFW has led population growth over the last decade, adding 1.3 million people - a 25 percent increase. The official 2012 U.S. Census estimate is 6,700,991, an increase of 131,879 residents from the prior year. It is projected that by the year 230, the Dallas/Fort Worth population will increase by an additional 37% to over 9.2 million people living in the Metroplex. The DFW area has the 6th largest gross metropolitan product (GMP) in the United States, and the 10th largest GMP in the world. DFW also has the largest, most educated workforce in the state of Texas, and leads the state in public university and community college students with over 442,000 enrolled. DFW is currently the 5th largest global explorer in the country and the largest regional exporter to Canada, Mexico and China, with over $60 billion in annual imports and exports.
Highlights
Brand New Construction – Store to be constructed in 2015. Long Term Ground Lease – Twenty (20) year primary lease…