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Off Market
1/6

Wendy's
Clifton Park, NY 12065


HIGHLIGHTS

  • Long Term Absolute NNN Lease Extension by Wendy’s Restaurant (NYSE: WEN) – Fee (Land & Bldg)
  • RARE New York QSR Opportunity - Prominent Location Just off Int. 87 - Main & Main Retail Trade Area
  • 10% Rent Bumps Every 5 Yrs. - Strong Increasing Sales Trend (Low RTS Ratio) - Low Downside Risk
  • Affluent Suburb of Albany - Capital City of New York - Strong Demo’s - High Barriers to Entry ($113K HHI)
  • Strong Operator Guarantee - CKA Management / Cap Wen Franchisee - 79+ Unit Partnership/ 25+ Yrs.
  • PAD to Village Plaza (Hannaford/PetSmart) - Excellent Location near Market 32/PetSmart/Hotels

OVERVIEW

We are pleased to offer to qualified investors a single tenant NNN investment fully leased to Wendy’s in the town of Clifton Park, NY. Operating at this location since mid 1980’s; Wendy’s originally signed a 20 year lease which has now been extended by a new 20 year lease with 16.5 years remaining. This lease provides investors a strong inflation hedge as there are 10% rental increases every 5 years through the end of the term. The property comprises approx. 2,400 SF and is located on approx. 43,560 SF of land. Positioned as an outparcel to the Village Plaza and The Shops at Village Plaza, a 265,000 SF shopping center with approximately 48 tenants in total and anchored by Hannaford Supermarket, Hilton Hotel, and PetSmart; the property benefits from high visibility and constant traffic flow through the area. Located just off I-87 and State Hwy 146, this intersection sees over 81,000 VPD.

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

Long Term NNN- Rare NY Asset- Outparcel PAD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

2400

STORIES

1

YEAR BUILT

1980

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

412400-272-000-0001-023-002-0000