Restaurant
New Construction Wendy's - Ephraim, UT
747 N Main St, Ephraim, UT 84627
Listing Price: $2,400,000
Investment Overview
Marcus & Millichap presents for sale the Wendy’s in Ephraim, Utah. This property has a brand-new building, finished in Q3 of 2023. It has 2,553 square feet of rentable space on one acre of land. This acreage is located on an outparcel of Walmart along Main Street in Ephraim with traffic counts of over 10,000 VPD.
The sale of this property will be a sale leaseback from the tenant, Barbarosa Foods. The lease will be a 20-year, absolute-net lease with 5% rent increases every five years with three, five-year extensions.
According to their website, Barbarosa Foods, Ltd. is a branch of TETCO, Inc., an investment and development company out of San Antonio, TX. Barbarosa Foods currently has 18 Wendy’s locations in Utah with more coming soon. They are continually looking to expand their operations by acquiring additional fast food franchises.
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Listing Price: $2,400,000
Investment Highlights
- 20-Year Sale Leaseback with Three 5-Year Options
- Brand New 2023 Construction
- Absolute Net Lease with 5% Increases Every 5 Years
- Located on an Outparcel of Walmart
- Barbarosa Foods. Inc (Tenant) has 18+ Wendy's Locations in Utah
Investment Overview
Marcus & Millichap presents for sale the Wendy’s in Ephraim, Utah. This property has a brand-new building, finished in Q3 of 2023. It has 2,553 square feet of rentable space on one acre of land. This acreage is located on an outparcel of Walmart along Main Street in Ephraim with traffic counts of over 10,000 VPD. The sale of this property will be a sale leaseback from the tenant, Barbarosa Foods. The lease will be a 20-year, absolute-net lease with 5% rent increases every five years with three, five-year extensions. According to their website, Barbarosa Foods, Ltd. is a branch of TETCO, Inc., an investment and development company out of San Antonio, TX. Barbarosa Foods currently has 18 Wendy’s locations in Utah with more coming soon. They are continually looking to expand their operations by acquiring additional fast food franchises.
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