Wendy's
Retail | 5.19% CAP | 2,734 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Wendy’s Investment Property located at 300 South Black Horse Pike in Bellmawr, New Jersey (the “Property”). Wendy’s has a long operating history at the Property and in 2019 demonstrated their ongoing commitment to the site by signing a brand-new, 15-Year Absolute NNN Lease. There are currently over 8 years of term remaining on the lease followed by eight (8), 5-year renewal options. The lease calls for attractive 2.00% annual rent increases throughout the base term and renewal options.
Wendy’s is well positioned along S Black Horse Pike (Route 168), a primary commercial corridor serving Bellmawr and the greater Camden County trade area. The Property offers strong frontage and visibility along this heavily traveled thoroughfare and benefits from immediate access to Route 42, Interstate 295, and the New Jersey Turnpike (I-95), providing excellent regional connectivity. Surrounded by national retailers, restaurants, and established residential neighborhoods, the site enjoys consistent consumer traffic and a built-in customer base, further supported by its proximity to Deptford Mall, a dominant regional shopping destination.
Investment highlights
SITE COMMITMENT & LEASE TERM: Wendy’s has a long operating history at the Property and signed a brand-new, 15-Year Absolute NNN Lease in 2019, demonstrating their commitment to the site and market. The lease currently has over 8 years of remaining on their lease with eight (8), 5-year renewal options.
ATTRACTIVE RENT INCREASES: The lease calls for attractive 2.00% annual rent increases throughout both the primary lease term and the renewal options providing a steady increase in income and an attractive hedge against inflation.
ZERO MANAGEMENT RESPONSIBILITIES: The Wendy’s lease is absolute triple net and requires zero management responsibilities making it an attractive investment for the passive real estate investor.
STRONG OPERATOR: This location is operated by the Flynn Group, the largest franchisee operator in the world, and one of the top 20 largest foodservice companies in the United States. Flynn owns and operates a diversified portfolio of restaurants in iconic, world class brands across diverse segments including Applebee’s, Taco Bells, Arby’s, Panera’s, Pizza Huts, Wendy’s, and Planet Fitness Clubs. Altogether, the Flynn portfolio includes over 3,000 restaurants and fitness clubs generating more than $5 billion annually in sales and employing 78,000 people.
STRATEGIC RETAIL LOCATION: Wendy’s is positioned along S Black Horse Pike (Route 168) in Bellmawr, NJ, a primary commercial corridor with direct access to Route 42, Interstate 295, and the New Jersey Turnpike (I-95), providing exceptional regional connectivity throughout Southern New Jersey and into Philadelphia. The Property benefits from strong frontage and visibility in a heavily trafficked retail corridor surrounded by national retailers, restaurants, and automotive uses that drive consistent consumer activity. Additionally, the site is located just minutes from Deptford Mall, a dominant regional shopping destination featuring more than 150 stores, further enhancing the area’s retail draw and supporting sustained customer traffic from the broader Camden and Gloucester County trade areas.
TRAFFIC COUNTS: More than 27,200 vehicles pass the Property daily at the signalized intersection of Black Horse Pike and Benigno Boulevard.
DEMOGRAPHICS: Over 107,900 people live within 3 miles of the Property with an average household income of $122,901. An impressive 282,700+ people live within a 5-mile radius of the Property with an average household income of $118,418.
RETAIL TRADE AREA: Retailers driving traffic to the immediate trade include Aldi, Royal Farms, 7-Eleven, Dollar Tree, Chipotle, TD Bank, Burger King, Dunkin’, CVS, Wawa, Wells Fargo, Dollar General, Domino’s, Advance Auto Parts, McDonald’s, Valvoline, and a variety of local restaurants and businesses servicing the community and commuters. The Deptford Mall trader corridor, a short drive from the Property, features major national brands such as Sam’s Club, BJ”s Wholesale Club, Target, a Walmart Supercenter, TJ Maxx, Best buy, and many others.
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