HIGHLIGHTS
- Eight Years Remaining on Absolute Triple-Net (NNN) Lease
- Multi-Unit Franchisee - Tenant Operates 65 Wendy’s Locations Throughout Texas and Ohio
- 8 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Densely Populated Dayton Trade Area - Daytime Population Exceeds $166,000 within a Five-Mile Radius
- High Traffic Location at the Corner of N. Main Street and Shoup Mill Road / Turner Road - Accessible by Approximately 41,630 Cars per Day
- Surrounded by National Tenants: CVS, McDonald’s, Walgreens, and More
OVERVIEW
The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quick-service hamburger company. The Wendy’s system includes over 7,300 restaurants in the U.S. and 29 other countries and U.S. territories worldwide.
Dayton is the sixth-largest city in the state of Ohio and the county seat of Montgomery County. It is home to over 137,600 people. The Dayton Metro is home to over 810,000 people with over 342,000 households. Composed of Greene, Montgomery, and Miami Counties, it is the fourth-largest metropolitan area in Ohio.
FOR SALE DETAILS
PRICE
$1,553,723 USD
PRICE/SF
$553 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wendy's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, undefined
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.87 AC
LAND SF
37,897 SF
ZONING
-
APN/PARCEL ID
E20-01008-0196
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602-687-6766
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602-687-6766
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