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Restaurant

Wendy's | 20-Year Sale-Leaseback

2833 Prince St, Clovis, NM 88101

Listing Price: $3,789,000

Cap Rate
4.75%
Tenant Name
Wendy's
Years Remaining On Lease
19.9
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$1,263.00
Lease Type
Absolute Net
Rent Per Square Feet
$60.00

Investment Overview

Marcus & Millichap is exclusively marketing for sale the newly remodeled Prince Street Wendy's restaurant in Clovis, NM. This location was fully remodeled in 2018 and sits on a signalized corner lot. At close of escrow this site will be under a new 20-year lease with 8% increases every 5-years. The tenant at this location is Wendgord, LLC (6-units), an affiliate of Wendcentral, LLC (125+ unit operator) - inquire with brokers for more details. Wendgord, LLC has been in business since 1992 and operates 6-units throughout the area, while Wendcentral, LLC has been in business since 1985 and operates across 13 states. The property is positioned on a hard corner signalized intersection for a high traffic, four-lane thoroughfare, Prince St. Additionally, this site is an outpad to North Plains Mall, featuring tenants: JC Penney, Foot Locker, Bath & Body Works and several others.

Investment Highlights

  • Wendgord, LLC has Been in Business Since 1992 | Wendcentral, LLC has Been in Business Since 1985
  • Strong Store Sales | Healthy Rent/Sales Ratio (Inquire with Listing Broker)
  • Original 2002 Build | Remodeled in 2018
  • Site Subject to Brand New 20-Year Sale-Leaseback at COE | Featuring 8% Rent Increases Every 5-Years
  • Positioned on Signalized Hard Corner | High Traffic, Four-Lane Thoroughfare
  • In Main Commercial Corridor Surrounded by National Retailers
  • Operated by Highly Profitable Franchisee (Wendgord, LLC - 6-units) | Affiliated with Wendcentral, LLC (125+ units)

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Restaurant

Wendy's | 20-Year Sale-Leaseback

Listing Price: $3,789,000

Cap Rate
4.75%
Tenant Name
Wendy's
Years Remaining On Lease
19.9
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$1,263.00
Lease Type
Absolute Net
Rent Per Square Feet
$60.00

Investment Highlights

  • Wendgord, LLC has Been in Business Since 1992 | Wendcentral, LLC has Been in Business Since 1985
  • Strong Store Sales | Healthy Rent/Sales Ratio (Inquire with Listing Broker)
  • Original 2002 Build | Remodeled in 2018
  • Site Subject to Brand New 20-Year Sale-Leaseback at COE | Featuring 8% Rent Increases Every 5-Years
  • Positioned on Signalized Hard Corner | High Traffic, Four-Lane Thoroughfare
  • In Main Commercial Corridor Surrounded by National Retailers
  • Operated by Highly Profitable Franchisee (Wendgord, LLC - 6-units) | Affiliated with Wendcentral, LLC (125+ units)

Investment Overview

Marcus & Millichap is exclusively marketing for sale the newly remodeled Prince Street Wendy's restaurant in Clovis, NM. This location was fully remodeled in 2018 and sits on a signalized corner lot. At close of escrow this site will be under a new 20-year lease with 8% increases every 5-years. The tenant at this location is Wendgord, LLC (6-units), an affiliate of Wendcentral, LLC (125+ unit operator) - inquire with brokers for more details. Wendgord, LLC has been in business since 1992 and operates 6-units throughout the area, while Wendcentral, LLC has been in business since 1985 and operates across 13 states. The property is positioned on a hard corner signalized intersection for a high traffic, four-lane thoroughfare, Prince St. Additionally, this site is an outpad to North Plains Mall, featuring tenants: JC Penney, Foot Locker, Bath & Body Works and several others.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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