Wendy’s has 8+ years remaining on an initial 20-year absolute NNN lease with 6% rental escalations every 5 years and four 5-year renewal options. The tenant, MUY Hamburger Partners, LLC is one of the largest private restaurant employers in the US with 312 Wendy’s locations in 5 states. The subject location has been successfully open and operating since 2004 with and attractive 7.60% rent to sales ratio.
Wendy’s is located in Clayton, Ohio on a large 1.78 acre lot just south off I-70 with excellent drive-by visibility on the hard corner of Hoke Road and Salem Avenue. Nearby retailers to this asset include: Tractor Supply Co. Walmart Supercenter, the Home Depot, Lowe’s Home Improvement, Burlington, Family Dollar, Dollar General, Joann Fabrics, Big Lots, Sally Beauty, etc. Wendy’s is half a mile from Miami Valley Career Technology Center (326 students) and 2 miles from Sinclair Community College Englewood.
*In Association with Ohio Local Broker: Branen L. Weade, Weade Realtors & Auctioneers, LLC #2010000811