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