Wendy's - Aiken, SC
Retail | 6.25% CAP | 2,134 SqFt
Marketing description
Marcus & Millichap is pleased to present for sale this Absolute Net Leased Wendy’s located at 1004 Richland Avenue in Aiken, South Carolina. The subject property consists of a 2,134 SF freestanding building with a drivethru and is situated on a .78-acre parcel of land.
This property is situated on RT-78 (Augusta Aiken Rd) and benefits from great visibility along this highly trafficked throughfare. The property is also immediately surrounded by other national and regional retailers including Sonic, KFC, Food Lion, Subway, Taco Bell, CVS, McDonald’s, O’Reilly Auto Parts, Bank of America, and a Walmart Supercenter. Also nearby the property are many brand new home developments including Eastwood Homes at True Cedar (15 Available Homesites), The Islands by D. R. Horton (155 Homesites), and Forrest Bluff by Ivey Homes (55 Homesites).
Commencing in December of 2024, the Wendy’s lease will feature 20 years of primary term with attractive 7.5 percent rent increases every 5-years, including in each of the four 5-year renewal options.
Wendy’s Company is an American parent company for the major fast food chain Wendy’s. It is headquartered in Dublin, Ohio and the company’s principal subsidiary in Wendy’s International, the franchisor of Wendy’s restaurants. There are 5,938 locations in the United States, and 1,006 International for a total of 6,949 locations. It’s U.S. Revenue in 2022 was $2.2 Billion.
Investment highlights
■ 20 Year Absolute NNN Lease | No Landlord Responsibilities
■ Attractive 7.5% Rent Increases Every 5 Years
■ Strong Wendy’s Operators | 100+ Units
■ Wendy’s Hamburger Restaurant Located at 1004 Richland Avenue W. in Aiken, South Carolina (Population 32,025) and One of 2 Largest Cities in The Central Savannah River Area
■ Many Brand New Home Developments Surround this Wendy’s Including The Islands by D. R. Horton (155 Homesites), Forrest Bluff by Ivey Homes (55 Homesites) and Eastwood Homes at True Cedar (15 Available Homesites)
■ Colleges and Universities Nearby Include The University of South Carolina Aiken (3,548 Enrolled Students), Cambridge College (3,000 Enrolled Students), and Aiken Technical College (2,121 Enrolled Students)
■ Shopping Centers Nearby Include Kalmia Plaza, Northside Plaza Shopping Center, Centre South Shopping Center and Villae at Riverwatch Retail Center
■ The Wendy’s Company is the World’s Third Largest Quick Service Hamburger Company with 7,000 Restaurants and Over $2.2+ Billion Annual Sales
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