Wendy’s

Tenant

Wendy's

Location

Cumberland, MD

Price

$2,866,024

CAP Rate

6.09%

NOI

$170,528

Lease Term

20 Years

Occupancy

100%

Building Size

3,076 SF

Property Type

Single Tenant

Year Built

1981/2016

Lot Size

0.66 Acres

Status

Closed

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

■ Brand New 20-Year Lease

■ Absolute Triple-Net

■ Zero Landlord Responsibilities

■ Experienced Franchisee – Strong 2015 Corporate Financials

■ 7.5 Percent Bumps Every Five Years

■ Right off the Interstate

■ Dense Urban Infill Location

■ Scheduled for Image Activation

■ Brand New Building with New Wendy’s Prototype

■ Over 23% in Increased Income Since 2000

■ Income Projected to Increase by 19% in the next 5 Years

■ Signalized Intersection (Both Sides)

■ Ample Parking with Drive-Through

■ Over 60,000 Vehicles Per Day on I-68

■ Single Tenant Net Leased Asset

Marcus & Millichap is pleased to offer this Wendy’s property with an absolute net 20-Year lease with zero landlord responsibilities. Wendy’s is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. As of March 1999, Wendy’s was the world’s third largest hamburger fast food chain with approximately 6,650 locations, following Burger King’s 12,000 Plus locations and McDonald’s’ 31,000 Plus locations.