Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a Wendy's located in the year-round tourist destination of the Sandpoint, ID MSA. This prime Wendy's investment opportunity features a brand-new 20-year Absolute NNN Lease set to commence at closing, providing investors with long-term, passive income and zero landlord responsibilities for management, maintenance, or repairs. The lease structure includes 8.0% rent increases every five years throughout the initial term and all option periods, offering a built-in hedge against inflation. The store demonstrates solid operating performance with 2024 gross sales and projected 2025 sales both exceeding $2,000,000 and a conservative 7.9% rent-to-sales ratio. The store is operated by a successful Wendy's franchisee with over 65 locations across 10 states. The entity guaranteeing the lease will be Wenspok Resources LLC, the franchisee's Pacific Northwest operations, which includes 23 restaurants and total store sales volume in excess of $64,000,000 per year (2024). Constructed in 2021 as a build-to-suit for Wendy's, the property boasts high-quality, modern construction designed for long-term operational efficiency. The property benefits from year-round tourism activity including Schweitzer Mountain Resort and Lake Pend Oreille. Strategically positioned directly on Highway 95, a main route to Schweitzer Mountain Resort, the property benefits from exceptional visibility with over 20,500 vehicles per day and strong consumer demand. The property sits directly across from high-traffic anchors including Walmart, Home Depot, and North 40 Outfitters, further enhancing customer flow. The Ponderay/Sandpoint market continues to experience explosive demographic growth, with the population within a 5-mile radius increasing an impressive 22% since 2020 and projected to grow another nearly 23% over the next 5 years, highlighting sustained demand and future appreciation potential.