Restaurant
Wendy’s | 20-Yr Abs. NNN Sale Leaseback | Charleston, SC
1721 Sam Rittenberg Blvd, Charleston, SC 29407
Listing Price: $3,100,000
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute Net Leased
Wendy’s located at 1721 Sam Rittenberg Boulevard in Charleston, South
Carolina. The subject property consists of a 2,808 SF freestanding building
with a drive-thru and is situated on a .77-acre parcel of land.
This property is situated on RT-7 (Sam Rittenberg Blvd) and benefits from
great visibility along this highly trafficked throughfare. The property is also
immediately surrounded by other national and regional retailers including
Harris Teeter, Total Wine & More, Office Depot, Sonic, Arby’s, Advance Auto,
Best Buy, PetSmart, Costco Wholesale, and numerous others. Also nearby
the property are many apartment complexes including Palmetto Square,
The Riverview, Spanish Oaks Apartment Homes, MAA Hampton Pointe, The
Lily, Mulberry Place Apartments, Planters trace Apartments, The Avenues
of West Ashley and Hawthorne Westside. There are also several new home
developments in the area which include Marshside Towns at Carolina Bay
(41 Brand New Townhomes), Eastwood Homes at Church Creek (20 New
Homesites), DRB Homes Rushland Plantation (125 Brand New Homesites),
Park’s Edge at Carolina Bay by Pulte (43 New Homes) and Lennar at Grand
Bees.
Commencing in December of 2024, the Wendy’s lease will feature 20
years of primary term with attractive 7.5 percent rent increases every
5-years, including in each of the four 5-year renewal options.
Wendy’s Company is an American parent company for the major fast food
chain Wendy’s. It is headquartered in Dublin, Ohio and the company’s
principal subsidiary in Wendy’s International, the franchisor of Wendy’s
restaurants. There are 5,938 locations in the United States, and 1,006
International for a total of 6,949 locations. It’s U.S. Revenue in 2022 was
$2.2 Billion.
Investment Highlights
- 20 Year Absolute NNN Lease | No Landlord Responsibilities
- Attractive 7.5% Rent Increases Every 5 Years
- Strong Wendy's Operators | 100+ Units
- Wendy's Hamburger Restaurant Located at 1721 Sam Rittenberg Blvd. in Charleston, South Carolina (Population 150,277) and the Principal City in the Charleston Metro Area (Population 849,417)
- Shopping Centers Nearby Include The Shops at Sam Rittenberg Blvd., Village Square Shopping Center, Crossroads Center, Ashley Landing, Westwood Plaza, Northridge Shopping Center, and Harrell Square
- Wendy's Company is Third-Largest Quick Service Hamburger Company with 6,700 Franchise and Company-Operated Restaurants Across the Globe and 5,100 Employees and $2.2B Annual Revenue
Restaurant
Wendy’s | 20-Yr Abs. NNN Sale Leaseback | Charleston, SC
Listing Price: $3,100,000
Investment Highlights
- 20 Year Absolute NNN Lease | No Landlord Responsibilities
- Attractive 7.5% Rent Increases Every 5 Years
- Strong Wendy's Operators | 100+ Units
- Wendy's Hamburger Restaurant Located at 1721 Sam Rittenberg Blvd. in Charleston, South Carolina (Population 150,277) and the Principal City in the Charleston Metro Area (Population 849,417)
- Shopping Centers Nearby Include The Shops at Sam Rittenberg Blvd., Village Square Shopping Center, Crossroads Center, Ashley Landing, Westwood Plaza, Northridge Shopping Center, and Harrell Square
- Wendy's Company is Third-Largest Quick Service Hamburger Company with 6,700 Franchise and Company-Operated Restaurants Across the Globe and 5,100 Employees and $2.2B Annual Revenue
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute Net Leased Wendy’s located at 1721 Sam Rittenberg Boulevard in Charleston, South Carolina. The subject property consists of a 2,808 SF freestanding building with a drive-thru and is situated on a .77-acre parcel of land. This property is situated on RT-7 (Sam Rittenberg Blvd) and benefits from great visibility along this highly trafficked throughfare. The property is also immediately surrounded by other national and regional retailers including Harris Teeter, Total Wine & More, Office Depot, Sonic, Arby’s, Advance Auto, Best Buy, PetSmart, Costco Wholesale, and numerous others. Also nearby the property are many apartment complexes including Palmetto Square, The Riverview, Spanish Oaks Apartment Homes, MAA Hampton Pointe, The Lily, Mulberry Place Apartments, Planters trace Apartments, The Avenues of West Ashley and Hawthorne Westside. There are also several new home developments in the area which include Marshside Towns at Carolina Bay (41 Brand New Townhomes), Eastwood Homes at Church Creek (20 New Homesites), DRB Homes Rushland Plantation (125 Brand New Homesites), Park’s Edge at Carolina Bay by Pulte (43 New Homes) and Lennar at Grand Bees. Commencing in December of 2024, the Wendy’s lease will feature 20 years of primary term with attractive 7.5 percent rent increases every 5-years, including in each of the four 5-year renewal options. Wendy’s Company is an American parent company for the major fast food chain Wendy’s. It is headquartered in Dublin, Ohio and the company’s principal subsidiary in Wendy’s International, the franchisor of Wendy’s restaurants. There are 5,938 locations in the United States, and 1,006 International for a total of 6,949 locations. It’s U.S. Revenue in 2022 was $2.2 Billion.

