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Views: 142 DOM: 380 Updated: 09.27.24 Posted: 11.07.23 Status: Active

Summary

Price $3,861,165
Built/Renov 2021
Tenant Wendy's
Cap Rate 5.28%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,117
Lease Start 12-01-2023
#Units 90
Price/SF $1,823.89
Expiration 11-30-2043
Tenant Type Fast Food/QSR
NOI $204,000
R. Term 19.0
Ownership Fee Simple
Rent/SF $96.36
Increases 7.5%/5/yrs
Pop 5Mi 109,854
Lot/AC 0.77
Options 5/5yrs/7.5%
AHHI 5Mi $53,884

Lease Highlights

  • Wendy’s has 18+ years remaining on its current lease with 5 (5-Year) options to extend
  • Lease features 7.5% every 5 Years during initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by the Wen Jai Group

Location Description

Wendy's is strategically located on Peach Orchard Road, with access to 29,100 vehicles passing by daily. The location is conveniently close to several colleges and universities, including Augusta Technical College, East Georgia State College, and more. Furthermore, the property is surrounded by numerous apartment complexes, including Aspire Richmond Hill Apartments, Shadowwood Apartments, High...

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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 : 7,287 47,125 112,267
2023 Total Population : 7,426 47,934 112,082
2023 Employed Civilian Pop : 2,788 17,577 43,974
2023 Total Businesses : 310 1,443 3,786
2023 Average Household Income : $ 56,083 $ 52,879 $ 67,444
2023 Total Consumer Spending : $ 145 M $ 847 M $ 2624 M
2023 Median Age : 37 36 37
2023 Total Households : 2,939 18,218 44,307
2023 Pop Age 25+: Bachelor's Degree : 298 2,230 8,469
2023 Average Home Value : $ 130,201 $ 160,557 $ 191,630
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Peach Orchard Rd Bloomingdale St 2008 29,270 0.15 mi
Peach Orchard Road Bloomingdale St 2018 28,900 0.23 mi
Peach Orchard Road Peach Orchard Rd 2021 25,900 0.23 mi
Peach Orchard Rd Bloomingdale St 2014 27,200 0.24 mi
Lumpkin Rd Jordan St 2008 12,790 0.36 mi
Windsor Spring Road Brighton Cir 2021 7,410 0.39 mi
Floyd Cir Floyd Dr 2005 80 0.46 mi
Lumpkin Road Briarwood Ave 2021 7,080 0.49 mi
Lumpkin Road Fernwood Dr 2019 7,640 0.49 mi
Richmond Hill Road Bungalow Rd 2021 10,600 0.53 mi

Listing Broker

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