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Restaurant

Wendy's | Corporate Absolute NNN

820 Richmond Rd, Richmond Heights (Cleveland MSA), OH 44143

Listing Price: $4,954,000

Cap Rate
4.50%
Tenant Name
Wendy's
Years Remaining On Lease
15.9
Guarantor
Corporate Guarantee
Rentable SF
3,425
Lease Type
Absolute Net
Rent Per Square Feet
$65.08

Investment Overview

Marcus & Millichap is pleased to present the Wendy's in Richmond Heights, OH.

Investment Highlights

  • Approximately 16 Years Remaining with 10% Increases Every 5 Years
  • Absolute NNN Lease with No Landlord Responsibilities
  • Rare Corporate Guaranty (NASDAQ: WEN), 6,800 Locations with $1.71 Billion in Revenue
  • 37-Year Operating History at This Location, Proven Concept in the Trade Area with Above Average Sales
  • All-Brick Building with a Drive-Thru, Drive-Thru Revenue has Grown to 90% of System-wide Sales for Wendy's
  • Infill Location, Serving Over 250,000 Residents in One of the Most Densely Populated Suburbs of Cleveland

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Restaurant

Wendy's | Corporate Absolute NNN

Listing Price: $4,954,000

Cap Rate
4.50%
Tenant Name
Wendy's
Years Remaining On Lease
15.9
Guarantor
Corporate Guarantee
Rentable SF
3,425
Lease Type
Absolute Net
Rent Per Square Feet
$65.08

Investment Highlights

  • Approximately 16 Years Remaining with 10% Increases Every 5 Years
  • Absolute NNN Lease with No Landlord Responsibilities
  • Rare Corporate Guaranty (NASDAQ: WEN), 6,800 Locations with $1.71 Billion in Revenue
  • 37-Year Operating History at This Location, Proven Concept in the Trade Area with Above Average Sales
  • All-Brick Building with a Drive-Thru, Drive-Thru Revenue has Grown to 90% of System-wide Sales for Wendy's
  • Infill Location, Serving Over 250,000 Residents in One of the Most Densely Populated Suburbs of Cleveland

Investment Overview

Marcus & Millichap is pleased to present the Wendy's in Richmond Heights, OH.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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