Sold Subscription Required
| Price $2,271,379 $2,363,636 | Built/Renov 2024 | Tenant Wendy's (GL) |
| Cap Rate 5.72% 5.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,000
| Lease Start
02-01-2024
| #Units
7,240
|
| Price/SF $757.13 $787.88 | Expiration
01-31-2044
| Tenant Type Fast Food/QSR |
| NOI $130,000 | R. Term 18.9 | Ownership Ground Lease |
| Rent/SF
$43.33
| Increases 12.0%/5/yrs | Pop 5Mi 269,680 |
| Lot/AC 0.81 | Options 3/5yrs/12% | AHHI 5Mi $98,250 |
| | |
This brand-new Wendy’s is situated at the signalized intersection of North Avenue (US Route 1) and Lindley Street and is positioned less than 500 feet from the exit 4 on/off ramp of the CT Route 8/25 Highway which sees more than 77,000 vehicles per day. The site sits in the middle of a business/enterprise zone that is surrounded by a high-density, urban infill residential neighborhood. 269,600...
...New construction
Signalized intersection
Highway close
Dense 200M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company, together with its subsidiaries, operates as a...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 40,473 | 187,059 | 274,716 |
| 2023 Total Population : | 40,573 | 186,651 | 274,729 |
| 2023 Employed Civilian Pop : | 19,634 | 89,831 | 137,043 |
| 2023 Total Businesses : | 1,617 | 7,008 | 11,027 |
| 2023 Average Household Income : | $ 72,376 | $ 85,970 | $ 112,801 |
| 2023 Total Consumer Spending : | $ 884 M | $ 5065 M | $ 9652 M |
| 2023 Median Age : | 33 | 36 | 38 |
| 2023 Total Households : | 14,002 | 68,174 | 99,970 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,833 | 20,171 | 39,715 |
| 2023 Average Home Value : | $ 259,859 | $ 312,937 | $ 393,631 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| North Ave | River St | 2012 | 16,800 | 0.03 mi |
| CT 8;CT 25 | Capitol Ave | 2021 | 86,000 | 0.09 mi |
| Lindley St | Colonel Henry Mucci Hwy | 2021 | 4,700 | 0.11 mi |
| Judd Rd | 2021 | 4,700 | 0.11 mi | |
| North Ave | Housatonic Ave | 2021 | 11,000 | 0.13 mi |
| Lindley St | Capitol Ave | 2010 | 16,900 | 0.15 mi |
| Parrott Ave | 2021 | 9,400 | 0.17 mi | |
| North Ave | Remer St | 2012 | 15,800 | 0.18 mi |
| Industrial Park Road | Berlin Rd | 2018 | 7,500 | 0.21 mi |
| Capitol Ave | Colonel Henry Mucci Hwy | 2018 | 17,700 | 0.21 mi |
San Antonio, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 950
Beech Grove, IN
Cap Rate 5.75%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 2,100
Burlington, NJ
Cap Rate 5.10%
Lease Abs NNN
R. Term 18.10 yrs
Size/SF 2,518
Austin, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 12.11 yrs
Size/SF 890
Jenison, MI
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 2,357
Jonesboro, GA
Cap Rate 6.50%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 3,933
Oklahoma City, OK
Cap Rate 6.25%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 780
Morristown, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 990
Abbeville, LA
Cap Rate 5.52%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 3,147
Snellville, GA
Cap Rate 5.85%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 4,481
Berlin, WI
Cap Rate 6.00%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 2,400
Fairburn, GA
Cap Rate 6.50%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 2,460
Oak Creek, WI
Cap Rate 5.53%
Lease Abs NNN
R. Term 12.00 yrs
Size/SF 1,829
Haines City, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 4.70 yrs
Size/SF 2,500
Shreveport,
Cap Rate 6.25%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 800
Lagrangeville, NY
Cap Rate 5.10%
Lease NN+
R. Term 29.11 yrs
Size/SF 3,000
East Liverpool, OH
Cap Rate 5.00%
Lease Abs NNN
R. Term 15.80 yrs
Size/SF 5,062
Fort Worth, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.10 yrs
Size/SF 1,904
Clermont, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 950
Sevierville, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 18.40 yrs
Size/SF 959
Port Charlotte, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 19.40 yrs
Size/SF 2,370
Kansas City, MO
Cap Rate 5.30%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 950
Soledad, CA
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 950
North Richland Hills, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,142
North Richland Hills, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 2,800
Strongsville, OH
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 1,860
Davenport, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 950
Allen Park, MI
Cap Rate 5.25%
Lease Abs NNN
R. Term 3.11 yrs
Size/SF 4,488
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
