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