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Off Market
1/1

1820 SW Wanamaker Rd
Topeka, KS 66604


HIGHLIGHTS

  • New 20 year sale-leaseback
  • Absolute triple net with zero landlord responsibilities
  • Tenant is committed to the location as evidenced by a full remodel in 2013
  • 5% rental escalations every five years
  • Experienced operator, with a long and successful operating history at the location since 1995
  • Sales at the location have increased year over year since 2017

OVERVIEW

The Wendy’s property is ideally located along Wanamaker Road, a primary east-west thoroughfare, and is just off of Interstate 470 (33,600 VPD). The restaurant is well located in a dominant retail corridor across from the West Ridge Mall (3rd largest mall in Kansas). Other retailers in the immediate area include Walmart Supercenter, Sam’s Club, Target, Menards, Lowe’s, Hobby Lobby, Regal, Home Depot, Kohl’s and Best Buy. The corridor also benefits from its close proximity to Topeka High School (1,840 students) and Washburn Institute of Technology (965 students) which drives continual traffic to the corridor. Additionally, there are over 93,000 people living within five miles of the property. Legacy Restaurant Group (LRG) is a Wendy's franchisee operating 14 stores in the Kansas City (9) and Topeka (5) DMAs. LRG was founded by Kirk Williams in 1998 and later partnered with Felix Tollinche's Garita Hospitality in 2019 to fund growth opportunities. Williams is well respected in the Wendy's system having served 2 years as president of Wendy's National Advertising Program board and 2 years as president of the Franchise Advisory Council. Wendy's is an American international fast food restaurant chain founded by Dave Thomas in Columbus, Ohio. As of December 31, 2018, Wendy's was the world's third-largest hamburger fast-food chain with 6,711 locations.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

2955

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

142-04-0-30-07-001-030