Wendy’s | Muncie (S Madison St.), IN
Retail | 6.50% CAP | 2,768 SqFt
Investment highlights
The owner of WENZAK INDIANA, INC. (tenant), is a Wendy’s Hall-of-Famer that worked for corporate Wendy’s 40 years ago and has been a franchisee for 30 years. He currently operates ~42 Wendy’s restaurants and 7 Wingstop locations.
There are currently just under twenty (19.6) years remaining on the lease term, plus four (4), five (5) year options
This site has a proven operational history since 1978 and reports above average sales. Contact broker for details.
The lease structure is triple net (NNN), with zero landlord responsibilities.
The lease provides for 10% rental increases every five (5) years.
Wendy’s is located across the street from Honeywell’s manufacturing site where they design and build industrial burners that serve a variety of use cases including heating commercial buildings to dry paint on cars.
The subject property is located 3 miles (9 minutes) from Ball State University, a nationally recognized research and teaching institution with more than 20,000 students on a 790-acre campus.
There are 76,002 residents located in the five (5) mile demographic ring.
The subject property is surrounded by several popular retailers including Arby’s, KFC, Shell, Subway, and O’Reilly Auto Parts.
Muncie, IN, is strategically located in east-central Indiana, approximately an hour’s drive from Indianapolis. With access to major highways such as I-69, U.S. 35, and State Road 67, the city provides strong connectivity to regional and national markets.
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