Listed by SURMOUNT
$2,407,815
Wendy's
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,272
Cap Rate 5.4%
NOI $130,022
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type NNN
Lease Term 25.1
Lease Expiration 06/29/2050
Remaining Term 24.4
Price per SqFt $564
Year Built 2006
Acreage 3.010
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 06/01/2025
Ownership Fee Simple
Retail | 5.40% CAP | 4,272 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 450 Lacey Road, Whiting, NJ 08759. The site consists of roughly 4,272 rentable square feet of building space on an estimated 3.01-acre parcel of land. This Wendy's is subject to a 25-year Triple Net (NNN) lease, which commenced 6/2 /2025. The current annual rent is $130,022 and has scheduled increases of 10.00% Every 5 Years.
Investment highlights
- Long-Standing, High-Performing Location | The site has operated for nearly 20 years with a healthy historical rent-to-sales ratio. Contact the broker for additional financial details.
- Outparcel to Stop & Shop Anchored Shopping Center | The property is an outparcel to a Stop & Shop – anchored shopping center, benefiting from strong daily needs – based traffic. The Stop & Shop generates over 710,000 annual visits per Placer .ai, enhancing visibility and long-term demand for the site.
- Strategic Location Off NJ Route 70 | The property is located just off NJ Route 70, a major regional thoroughfare, providing strong accessibility and convenient ingress/egress. The site benefits from consistent commuter traffic and excellent connectivity to surrounding retail and residential areas.
- Large Parcel With Drive-Thru Configuration | Situated on approximately 3.01 acres, the site features a modern drive-thru layout that supports high throughput and operational efficiency .
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,022.00
$10,835.17/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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