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| Price $2,722,000 | Built/Renov 2024 | Tenant Wendy's (GL) |
| Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,800
| Lease Start
08-15-2024
| #Units
7,240
|
| Price/SF $972.14 | Expiration
08-31-2044
| Tenant Type Fast Food/QSR |
| NOI $122,500 | R. Term 19.12 | 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, together with its subsidiaries, operates as a...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
