3161 Phoenix Center Dr - Fast Food FOR SALE


Washington, MO 63090
$1,963,000 USD
3161 Phoenix Center Dr, Washington, MO for Sale
$1,963,000 USD
Fast Food - FOR SALE
1/7
null | 5.35% Cap Rate

3161 Phoenix Center Dr
Washington, MO 63090


HIGHLIGHTS

  • New 10-Year Lease with Rental Increases
  • Corporate Lease
  • Zero Landlord Responsibilities
  • High Concentration of Strong-Performing National Tenants
  • High Visibility & Easy Access Along Highway 100
  • Outparcel to a 216K+ SF power center (Ross, Marshalls, Ulta) with 3.96M annual visitors

OVERVIEW

CBRE’s Net Lease Property Group is pleased to present the opportunity to acquire a 100% fee simple interest in a freestanding new 10-year Wendy’s located in Washington, Missouri, within the Phoenix Center II retail development. The lease is signed by Wendy’s Properties LLC, a wholly owned subsidiary of The Wendy’s Company and serves as the corporate real estate arm for the Wendy’s brand locations. Wendy’s benefits from excellent visibility and access within Phoenix Center II, a dominant retail hub in Washington, MO. Positioned near major retailers and along high-traffic corridors, the property captures strong daily traffic and serves a growing regional trade area. Washington is a thriving community in Franklin County, supported by robust residential growth and a diverse employment base. Its proximity to St. Louis (approximately 50 miles east) enhances economic activity and consumer demand. Wendy’s is a premier quick-service restaurant operator with a global footprint exceeding 7,000 locations, including approximately 6,000 units in the United States. For fiscal year 2024, the company reported total revenue of approximately $2.25?billion and systemwide sales of roughly $14.5?billion, reflecting consistent year-over-year growth. Wendy’s benefits from a well-established brand and a predominantly franchised model, which provides stable cash flows and scalability. CAN BE SOLD SEPARATELY OR AS A PORTFOLIO Aspen Dental - 3155 Phoenix Center Drive, Washington MO | 3,500 SF | 4.5 Years Term Remaining | NOI: $105,875 | Price: $1,694,000 | CAP: 6.25% Wendy's - 3161 Phoenix Center Drive, Washington MO | 3,038 SF | 9.75 Years Term Remaining | NOI: $105,000 | Price: $1,963,000 | CAP: 5.35% Dick’s Sporting Goods and PetSmart 3152-3162 Phoenix Center Drive, Washington MO | 58,016 SF | 3.84 Years WALT | NOI: $719,359 | $10,277,000 | CAP: 7.00% TOTAL PORTFOLIO: 64,554 SF | NOI: $930,234 | PRICE: $13,934,000

FOR SALE DETAILS

PRICE

$1,963,000 USD

PRICE/SF

$819 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-2

APN/PARCEL ID

10-7-250-0-055-047300

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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