Brand New to the Market! Turn-key Wendy’s location with Drive-Thru available for Sublease 1600 Richmond Avenue, Point Pleasant Beach, NJ Block: 13.01, Lot: 2 3,720 SF Freestanding quick-service restaurant (Wendy’s) sublease with Drive-Thru. Fully Renovated in 2017. Located on approximately 1.05 AC of land. Lease Details: • 20-year initial lease term with four (4) five (5) year options. • Lease commenced in 2017 and expires in 2036 - 9 years remaining on initial lease term. • 10% rent increases every 5 years. Rent increases in 2027 Rent Details: • $26.61 PSF NNN • CAM: Tenant direct to vendors for CAM • 2025 Insurance: Tenant pays direct - $30,228.00 • 2025 RE Taxes: Tenant reimburses Landlord - $24,499.16 • Water & Sewer: Tenant reimburses Landlord - Key Highlights: o Prime QSR Location o Turnkey Freestanding QSR with drive-thru – highly desirable for fast food / QSR operators. o High visibility on Richmond Avenue, a major arterial (Route 35) in Point Pleasant Beach. o Dual Means of Ingress & Egress. o Building was fully renovated in 2017 – No Deferred Maintenance. o 46 Parking Spaces Onsite. o Traffic Count: 24,204 vehicles per day Occupancy Calculations: o Dining area is 1271 SF. o Kitchen area is 960 SF. o Service Area is 277 SF. o One Men & Women’s Restroom. o Total Occupancy: 92 Population (2024): • 1-mile: ~11,032 people • 3-mile: ~51,803 people • 5-mile: ~111,027 people For more information please contact Matt Miller. Contact information below: Cell: 908-770-0686 Email: matt@legacyrealtynj.com