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Restaurant

Wendy's

NJ-17, Wood-Ridge, NJ 07075

Listing Price: $4,201,654

Cap Rate
4.50%
Tenant Name
Briad Wenco, LLC
Years Remaining On Lease
24.7
Guarantor
Franchisee Guarantee
Rentable SF
2,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.20

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 359 Route 17 South in Wood Ridge, New Jersey. The property consists of approximately 2,900 square feet of building space and is situated on roughly 1.46 acres of land. The Wendy’s is subject to a 25-year absolute triple net lease, which will commence upon the close of escrow. The lease features attractive rental increases of 10 percent every five-years throughout the base term and in the sixteen, five-year renewal options.

Investment Highlights

  • Long-Term, 25-Year Absolute Triple Net Lease Commencing Upon COE
  • Ten Percent Rental Increases Occurring Every Five Years
  • Sixteen, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 105 Years

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Financing By

Listing Price: $4,201,654

Cap Rate
4.50%
Tenant Name
Briad Wenco, LLC
Years Remaining On Lease
24.7
Guarantor
Franchisee Guarantee
Rentable SF
2,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.20

Investment Highlights

  • Long-Term, 25-Year Absolute Triple Net Lease Commencing Upon COE
  • Ten Percent Rental Increases Occurring Every Five Years
  • Sixteen, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 105 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 359 Route 17 South in Wood Ridge, New Jersey. The property consists of approximately 2,900 square feet of building space and is situated on roughly 1.46 acres of land. The Wendy’s is subject to a 25-year absolute triple net lease, which will commence upon the close of escrow. The lease features attractive rental increases of 10 percent every five-years throughout the base term and in the sixteen, five-year renewal options.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

Financing By

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