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| Price $2,579,000 | Built/Renov 2024 | Tenant Wendy's (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,800
| Lease Start
08-15-2024
| #Units
7,240
|
| Price/SF $921.07 | Expiration
08-31-2044
| Tenant Type Fast Food/QSR |
| NOI $122,500 | R. Term 19.9 | Ownership Ground Lease |
| Rent/SF
$43.75
| Increases 10.0%/5/yrs | Pop 5Mi 27,988 |
| Lot/AC 1.47 | Options 2/5yrs/10% | AHHI 5Mi $68,122 |
| | |
Wendy's is strategically located at the hard corner intersection of Paso Robles Highway and Birch Avenue, the main retail thoroughfare, with access to a combined daily traffic count of 18,600 vehicles. This prime location is further enhanced by its proximity to California State Route 43. Moreover, the property is situated in the city’s newest development, anchored by Grocery Outlet, and is...
...New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 20+ yr lease
Traded and rated company
Corporate Guarantee
Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 12,431 | 23,558 | 27,658 |
| 2024 Total Population : | 12,241 | 23,325 | 27,422 |
| 2024 Employed Civilian Pop : | 5,116 | 9,265 | 9,432 |
| 2024 Total Businesses : | 320 | 433 | 463 |
| 2024 Average Household Income : | $ 70,990 | $ 73,419 | $ 74,175 |
| 2024 Total Consumer Spending : | $ 216 M | $ 420 M | $ 431 M |
| 2024 Median Age : | 30 | 30 | 31 |
| 2024 Total Households : | 3,379 | 6,350 | 6,449 |
| 2024 Pop Age 25+: Bachelor's Degree : | 248 | 735 | 784 |
| 2024 Average Home Value : | $ 286,914 | $ 321,332 | $ 322,632 |
St. Petersburg, FL
Cap Rate 4.65%
Lease Abs NNN
R. Term 7.30 yrs
Size/SF 3,575
Jacksonville, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.80 yrs
Size/SF 1,708
Tempe, AZ
Cap Rate 5.25%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 1,575
Lawrence, KS
Cap Rate 5.65%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 950
Delray Beach, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 9.10 yrs
Size/SF 724
East Liverpool, OH
Cap Rate 5.00%
Lease Abs NNN
R. Term 15.80 yrs
Size/SF 5,062
North Richland Hills, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 2,800
Allen, TX
Cap Rate 5.75%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 5,678
Fort Worth, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.10 yrs
Size/SF 1,904
Nashville, TN
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.40 yrs
Size/SF 950
Oak Creek, WI
Cap Rate 5.53%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 1,829
Visalia, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 4.50 yrs
Size/SF 3,016
Moreno Valley, CA
Cap Rate 4.55%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 950
Penitas, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 1,227
Port Charlotte, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 19.50 yrs
Size/SF 2,370
Morristown, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 990
St. Augustine, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.50 yrs
Size/SF 950
Kansas City, MO
Cap Rate 5.75%
Lease Abs NNN
R. Term 20.10 yrs
Size/SF 3,900
Quincy, IL
Cap Rate 4.75%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 3,062
Austin, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 13.40 yrs
Size/SF 890
Sevierville, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 18.50 yrs
Size/SF 959
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
