Wendy’s

Tenant

Wendy's

Location

East Brunswick , New Jersey

Price

3,300,000

CAP Rate

7.47%

NOI

$246,351

Lease Term

6.0 Years Remaining

Occupancy

100%

Building Size

4,159 Sq. Ft.

Property Type

Single Tenant

Year Built

1975/1997

Lot Size

1.07 Acres

Status

Under Contract

Property Contacts:

Karly Iacono

Vice President

(201) 742-6119 | Email

JC Corr

Associate - Net Leased Properties Group

(201) 742-6181 | Email

  • NNN Lease – No Landlord Responsibility
  • Attractive Rental Increases of 1.5% Annually
  • Rent Increase in December 2019 Brings Cap to 6.34%
  • High Traffic Location – 81k+ VPD
  • Located in a Dense Retail Corridor
  • Great Demographics – Over 249k People within 5 Miles
  • Average Income Exceeds $104k
  • Located just off I-95 (NJ Turnpike)

Marcus and Millichap is pleased to exclusively present a net leased Wendy’s in East Brunswick, NJ. The property is subject to a NNN lease guaranteed by a 79 unit franchisee. There are 6.8 years remaining on the current term and two 10 year option periods available. The lease calls for attractive rental increases of 1.5% annually throughout the base term and options.

Wendy’s is the #2 hamburger chain in the US. In addition to its famous hamburger and fries, Wendy’s offers chicken sandwiches, salads, wraps, and Frosties. There are more than 6,669 locations across the US and globally. Wendy’s was founded in 1969 and is headquartered in Dublin, Ohio.

The subject property is located in the New York City MSA, only 37 miles from Manhattan.  State Route 18 a dense retail corridor where the average traffic counts are over 81k vehicles per day. There are many national tenants surrounding the property such as CVS, Walmart, Shoprite, Lowes, Starbucks, T.J. Maxx and more. The New Jersey Turnpike (I-95) is located only a few miles away with average traffic counts exceeding 170k vehicles per day.