Skip to main content

Restaurant

Wendy's (NASDAQ: WEN) | 15 Years Absolute NNN

5815 St Clair Ave., Cleveland, OH 44103

Listing Price: $4,732,000

Cap Rate
4.50%
Tenant Name
Wendy's
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
2,609
Lease Type
Absolute Net
Rent Per Square Feet
$81.66

Investment Overview

Marcus & Millichap is pleased to present the Wendy's in Cleveland, Ohio.

Investment Highlights

  • Approximately 15 Years Remaining with 10% Increases Every 5 Years
  • Absolute NNN Lease with No Landlord Responsibilities
  • Rare Corporate Guaranty (NASDAQ: WEN), 6,800 Locations with $1.71 Billion in Revenue
  • High-Performing Location with Upward Trending Sales, 18% Above the National Average for Wendy's
  • 44+ Year Operating History at This Location, Tenant Completed Interior/Exterior Remodel in 2018
  • Brick Building with a Drive-Thru, 90% of System-wide Sales for Wendy's are Generated by Drive-Thru Revenue

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Restaurant

Wendy's (NASDAQ: WEN) | 15 Years Absolute NNN

Listing Price: $4,732,000

Cap Rate
4.50%
Tenant Name
Wendy's
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
2,609
Lease Type
Absolute Net
Rent Per Square Feet
$81.66

Investment Highlights

  • Approximately 15 Years Remaining with 10% Increases Every 5 Years
  • Absolute NNN Lease with No Landlord Responsibilities
  • Rare Corporate Guaranty (NASDAQ: WEN), 6,800 Locations with $1.71 Billion in Revenue
  • High-Performing Location with Upward Trending Sales, 18% Above the National Average for Wendy's
  • 44+ Year Operating History at This Location, Tenant Completed Interior/Exterior Remodel in 2018
  • Brick Building with a Drive-Thru, 90% of System-wide Sales for Wendy's are Generated by Drive-Thru Revenue

Investment Overview

Marcus & Millichap is pleased to present the Wendy's in Cleveland, Ohio.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

MM Texture Background
MM Textured Background Lower