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Restaurant

Wendy’s 20 Year NNN Lease Upcoming Remodel

6104 Center Grove Rd, Edwardsville, IL 62025

Listing Price: $2,859,770

Cap Rate
4.35%
Tenant Name
Wendys
Years Remaining On Lease
20.2
Guarantor
Franchisee Guarantee
Rentable SF
3,175
Lease Type
Absolute Net
Rent Per Square Feet
$39.18

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendy’s Restaurant with Drive Thru located at 6104 Center Grove Road in Edwardsville, Illinois. Edwardsville is a very wealthy suburb of St. Louis with a population exceeding 26,000 residents. Edwardsville is part of the Southern Illinois and Metro east region of Greater St. Louis and only 18 miles Northeast of downtown St. Louis. Edwardsville is home to Southern Illinois University Edwardsville, The Edwardsville Arts Center and Edwardsville serves as the headquarters for Prairie Farms Dairy which is one of the largest dairy cooperatives in the United States and is ranked in the top 10 of the largest privately held companies in the St. Louis Region. This Wendy’s, subject to a 20 year NNN Lease, will undergo a complete store remodel post-closing. This Wendy’s is located directly adjacent to Edwardsville High School with more than 2,300 students and seven minutes from The SIU Campus located on 2,660 acres with more than 13,000 students. Also nearby is Lewis and Clark Community College with 12,000 students. Many apartment complexes surround this Wendy’s including The Reserve with 162 Units, Whispering Heights with six stories and 43 Units, Newcastle Apartments and Bonne Terre Apartments. Also nearby is Gateway Regional Medical Center with 305 Beds and has been serving the Edwardsville community for over 100 years. Also located nearby is Anderson Hospital with 154 beds. Wendy’s is an international fast-food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019, there were a total of 6,711 locations including 353 that are company owned. 6,356 restaurants are franchised and 77 percent of them are located in North America. The Wendy’s Company is the World’s Third Largest Quick- Service Hamburger Company and Employs Over 14,000 Individuals.

Investment Highlights

  • 20 Year Absolute NNN Lease with 7% Increases Every 5 Years
  • Restaurant will Undergo Full Remodel by 2023
  • Located directly next to Edwardsville High School with more than 2,300 students
  • Operator Named to Wendy's Hall of Fame in 2021
  • Operated and Backed by WenZak Companies, an Illinois, Iowa and Indiana Operator with 39 Locations

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Restaurant

Wendy’s 20 Year NNN Lease Upcoming Remodel

Listing Price: $2,859,770

Cap Rate
4.35%
Tenant Name
Wendys
Years Remaining On Lease
20.2
Guarantor
Franchisee Guarantee
Rentable SF
3,175
Lease Type
Absolute Net
Rent Per Square Feet
$39.18

Investment Highlights

  • 20 Year Absolute NNN Lease with 7% Increases Every 5 Years
  • Restaurant will Undergo Full Remodel by 2023
  • Located directly next to Edwardsville High School with more than 2,300 students
  • Operator Named to Wendy's Hall of Fame in 2021
  • Operated and Backed by WenZak Companies, an Illinois, Iowa and Indiana Operator with 39 Locations

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendy’s Restaurant with Drive Thru located at 6104 Center Grove Road in Edwardsville, Illinois. Edwardsville is a very wealthy suburb of St. Louis with a population exceeding 26,000 residents. Edwardsville is part of the Southern Illinois and Metro east region of Greater St. Louis and only 18 miles Northeast of downtown St. Louis. Edwardsville is home to Southern Illinois University Edwardsville, The Edwardsville Arts Center and Edwardsville serves as the headquarters for Prairie Farms Dairy which is one of the largest dairy cooperatives in the United States and is ranked in the top 10 of the largest privately held companies in the St. Louis Region. This Wendy’s, subject to a 20 year NNN Lease, will undergo a complete store remodel post-closing. This Wendy’s is located directly adjacent to Edwardsville High School with more than 2,300 students and seven minutes from The SIU Campus located on 2,660 acres with more than 13,000 students. Also nearby is Lewis and Clark Community College with 12,000 students. Many apartment complexes surround this Wendy’s including The Reserve with 162 Units, Whispering Heights with six stories and 43 Units, Newcastle Apartments and Bonne Terre Apartments. Also nearby is Gateway Regional Medical Center with 305 Beds and has been serving the Edwardsville community for over 100 years. Also located nearby is Anderson Hospital with 154 beds. Wendy’s is an international fast-food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019, there were a total of 6,711 locations including 353 that are company owned. 6,356 restaurants are franchised and 77 percent of them are located in North America. The Wendy’s Company is the World’s Third Largest Quick- Service Hamburger Company and Employs Over 14,000 Individuals.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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