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| Price $2,850,000 $2,950,000 | Built/Renov 1977/2013 | Tenant Wendy's |
| Cap Rate 6.95% 6.71% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
3,670
| Lease Start
09-29-2014
| #Units
25
|
| Price/SF $776.57 $803.81 | Expiration
09-29-2034
| Tenant Type Fast Food/QSR |
| NOI $198,000 | R. Term 9.9 | Ownership Fee Simple |
| Rent/SF
$53.95
| Increases 8.0%/5/yrs | Pop 5Mi 30,098 |
| Lot/AC 1.06 | Options 4/5yrs | AHHI 5Mi $50,799 |
| | |
Wendy's is strategically located at the hard corner intersection of Virginia Avenue and Dixie Street, a main thoroughfare with access to a combined daily traffic count of 18,655 vehicles. The property features multiple access points and is directly across from Collinsville Primary School. The surrounding area includes well-known national tenants such as Walgreens, McDonald's, Taco Bell, KFC,...
...Hard corner intersection
Build to suit
Major thoroughfare
Dense retail corridor
Near major nationals
Absolute NNN
Long 10+ yr lease
Limited competition
25+ unit franchisee backed
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 4,576 | 15,054 | 30,162 |
| 2024 Total Population : | 4,684 | 15,306 | 30,723 |
| 2024 Employed Civilian Pop : | 2,436 | 6,678 | 13,376 |
| 2024 Total Businesses : | 177 | 895 | 1,551 |
| 2024 Average Household Income : | $ 54,953 | $ 54,592 | $ 57,304 |
| 2024 Total Consumer Spending : | $ 101 M | $ 325 M | $ 705 M |
| 2024 Median Age : | 42 | 44 | 45 |
| 2024 Total Households : | 2,046 | 6,574 | 13,585 |
| 2024 Pop Age 25+: Bachelor's Degree : | 471 | 1,217 | 2,511 |
| 2024 Average Home Value : | $ 129,465 | $ 136,676 | $ 137,401 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Oakland Dr | School Dr | 2016 | 1,300 | 0.11 mi |
| Oakland Drive | School Dr | 2021 | 730 | 0.11 mi |
| North Daniel Creek Road | Lee St | 2018 | 5,100 | 0.26 mi |
| North Daniel Creek Road | Lee St | 2020 | 4,400 | 0.26 mi |
| North Daniel Creek Road | E John Redd Blvd | 2021 | 5,100 | 0.26 mi |
| Meadow Lane | Taylor Rd | 2018 | 980 | 0.27 mi |
| Meadow Lane | Taylor Rd | 2021 | 610 | 0.27 mi |
| Wheeler Avenue | Miles Rd | 2021 | 2,200 | 0.30 mi |
| Wheeler Avenue | Miles Rd | 2020 | 2,200 | 0.30 mi |
| Oakland Dr | Jeryl St | 2015 | 1,500 | 0.31 mi |
Kansas City, MO
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Cap Rate 6.00%
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Cap Rate 5.94%
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Cap Rate 6.00%
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Cap Rate 6.50%
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R. Term 18.70 yrs
Size/SF 400
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
