Restaurant

Wendy's | Rare Corporate Lease | 15+ Year NNN

1234 S Shannon St, Van Wert, OH 45891

Listing Price: $3,034,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
15.40
Guarantor
Corporate Guarantee
Rentable SF
3,062
Lease Type
Absolute Net
Rent Per Square Feet
$49.55

Investment Overview

Marcus & Millichap is pleased to present the Wendy's in Van Wert, Ohio.

Investment Highlights

  • 15+ 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
  • Well-Above Average Unit-Level Sales, 41-Year Operating History at This Location
  • Essential Business, Drive-Thru Revenue has Grown to 90% of System-wide Sales for Wendy's
  • All-Brick Building with a Drive-Thru and Monument Signage
  • Serving Over 85,000 Residents in Regional Trade Area
  • Closest Wendy's is 18+ Miles Away, Limited Restaurant Options Nearby

Exclusively Listed By

Restaurant

Wendy's | Rare Corporate Lease | 15+ Year NNN

Listing Price: $3,034,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
15.40
Guarantor
Corporate Guarantee
Rentable SF
3,062
Lease Type
Absolute Net
Rent Per Square Feet
$49.55

Investment Highlights

  • 15+ 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
  • Well-Above Average Unit-Level Sales, 41-Year Operating History at This Location
  • Essential Business, Drive-Thru Revenue has Grown to 90% of System-wide Sales for Wendy's
  • All-Brick Building with a Drive-Thru and Monument Signage
  • Serving Over 85,000 Residents in Regional Trade Area
  • Closest Wendy's is 18+ Miles Away, Limited Restaurant Options Nearby

Investment Overview

Marcus & Millichap is pleased to present the Wendy's in Van Wert, Ohio.

Exclusively Listed By

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