Wendy’s

Welch, WV

Price $2,334,000
Cap Rate 5.75%
TYPE Single-Tenant
STATUS Available
Tenant Wendy's
LEASE TYPE Absolute NNN
SQUARE FEET 2,773
PRICE/SQ FT $841
YEAR BUILT 1984
LEASE EXP. 12/31/2032
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Gillian Greenfield, CCIM, Greenfield & Craun Commercial
West Virginia Local Broker #225064152

Property Description

Wendy’s has 14+ years remaining on an initial 20-year absolute NNN lease with 7% rental escalations every 5 years (next increase: January 1, 2023). The tenant, Wendwise Corp. is an experienced three-unit Wendy’s franchisee. This asset has been successfully open and operating for decades with an 8.76% rent to sales ratio.

Wendy’s is located in Welch, West Virginia just off the hard corner of Coal Heritage Road and Tennessee Avenue with high drive-by visibility. Nearby retailers to this asset include: Family Dollar, Save-A-Lot, Rite Aid, Advance Auto Parts, etc.

*In Association with West Virginia Local Broker: Gillian Greenfield, CCIM, Greenfield & Craun Commercial #225064152

Property Highlights

  • 14+ Years Remaining on 20-Year Absolute NNN Lease with 7% Rental Escalations every 5 Years (Next Increase: January 1, 2023)
  • Successfully Open & Operating for Decades with an 8.76% Rent-to-Sales Ratio
  • Demographics: Total Population (10-MI): 9,107 | Average Household Income (3-MI): $42,714
  • Wendwise Corp. is an Experienced Three-Unit Wendy’s Franchisee
  • Pad Site to a Goodson’s Supermarket on a Large ±1.51-Acre Lot, Just off the Hard Corner of Coal Heritage Rd & Tennessee Ave where Traffic Counts Exceed 7,700 CPD!