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Views: 112 DOM: 164 Updated: 06.25.24 Posted: 03.27.24 Status: Active

Summary

Price $2,636,363
Built/Renov 1997/2024
Tenant Wendy's
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,416
Lease Start 05-01-2024
#Units 90
Price/SF $1,091.21
Expiration 04-30-2044
Tenant Type Fast Food/QSR
NOI $145,000
R. Term 19.8
Ownership Fee Simple
Rent/SF $60.02
Increases 7.5%/5/yrs
Pop 5Mi 120,108
Lot/AC 0.47
Options 4/5yrs/7.5%
AHHI 5Mi $62,566

Lease Highlights

  • Wendy’s will be executing a brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 7.5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Wen Jai Restaurant Group

Location Description

Wendy's is strategically located on Walton Way, with access to 19,700 vehicles passing by daily. The property is surrounded by numerous colleges, including Augusta University, East Georgia State University, and Paine College. Several apartment complexes are also in the vicinity, including Beacon Station Apartments, The Row Apartments, Canalside Apartments, Magnolia Park Apartments, and East...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,693 53,775 121,519
2023 Total Population : 9,254 53,839 122,403
2023 Employed Civilian Pop : 3,409 22,507 50,980
2023 Total Businesses : 665 3,051 5,595
2023 Average Household Income : $ 69,126 $ 72,994 $ 76,325
2023 Total Consumer Spending : $ 244 M $ 1554 M $ 3647 M
2023 Median Age : 37 41 38
2023 Total Households : 4,005 24,250 54,470
2023 Pop Age 25+: Bachelor's Degree : 1,059 6,757 14,591
2023 Average Home Value : $ 254,029 $ 248,306 $ 234,472
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Walton Way Crawford Ave 2019 20,600 0.07 mi
Crawford Avenue Watkins St 2019 3,620 0.28 mi
Crawford Ave Watkins St 2005 4,420 0.30 mi
Eve St Fenwick Ln 2015 3,840 0.34 mi
Eve Street Watkins St 2019 3,950 0.34 mi
15th Street Pope Ave 2019 16,400 0.40 mi
Walton Way Metcalf St 2019 17,500 0.42 mi
Central Avenue Laurel St 2019 7,550 0.49 mi
Crawford Ave 2019 1,410 0.51 mi
John C Calhoun Expy Hamilton St 2016 18,900 0.53 mi

Listing Broker

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