Wendy's in Denver (Central Park Neighborhood)
JUST LISTED - Rare Corporate Wendy's | High Performing Location | Trophy Freeway Location
Marketing description
Property & Location Highlights
The property is strategically positioned at the signalized intersection of E. 40th Avenue and Central Park Boulevard, offering exceptional visibility, strong access, and consistent traffic flow with approximately 49,969 vehicles per day. The site benefits from immediate proximity to Interstate 70, Colorado’s primary east-west corridor, which sees over 252,000 vehicles per day and provides outstanding regional connectivity and exposure to both commuter and destination-driven traffic.
The asset is located within the highly active Runway South development, a rapidly expanding retail hub in Denver’s Central Park submarket. The surrounding area features a strong lineup of national retailers and daily traffic drivers, including Chick-fil-A (under construction), QuikTrip, Cracker Barrel, Andy’s Frozen Custard, Fairfield Inn (under construction), Super Star Car Wash, and others—creating a synergistic retail environment that supports sustained consumer traffic and long-term tenant performance.
Additionally, the property is situated just minutes from The Shops at Northfield, a 1.2 million square foot open-air lifestyle center anchored by Target, Macy’s, Harkins Theatres, Bass Pro Shops, and a diverse mix of dining and entertainment options. This proximity further reinforces the property’s positioning within one of Denver’s most dominant and established retail corridors.
Developed in 2023, the property features Wendy’s latest high-efficiency prototype, including a dual-lane “Y” drive-thru configuration designed to maximize throughput, enhance customer experience, and drive strong unit-level sales performance—reflecting the brand’s continued investment in high-performing locations.
The asset is supported by an affluent and dense trade area, with over 122,022 residents within a three-mile radius and approximately 45,785 housing units. The immediate one-mile radius boasts average household incomes exceeding $234,576, providing a strong and stable consumer base that drives consistent demand for quick-service dining.
More broadly, the Denver metropolitan area continues to experience strong population growth and economic expansion, supported by a diverse employment base across technology, healthcare, aerospace, and logistics sectors. This sustained growth reinforces long-term real estate fundamentals and supports continued retail demand within this infill submarket.
Investment highlights
The Offering
This offering represents a newly constructed (2023), corporate-backed Wendy’s ground lease located in one of Denver’s most dynamic and rapidly growing infill corridors. The property consists of a 1,635-square-foot freestanding building featuring Wendy’s latest “Y” drive-thru prototype, situated on a 0.57-acre (±24,684 SF) parcel within the high-profile Runway South development in the Central Park neighborhood. The lease commenced November 25, 2022 and runs through November 30, 2047, with 10% rental increases every five years throughout the base term and option periods—providing durable, inflation-protected income and long-term NOI growth.
Lease & Tenant Overview
The asset is secured by a rare, long-term corporate-backed ground lease with Wendy’s Properties, LLC, offering a bond-like income stream supported by a nationally recognized QSR brand with a strong operating history and credit profile. Structured as a 25-year absolute NNN ground lease, the tenant is responsible for all operating and capital expenses, including taxes, insurance, maintenance, roof, structure, and parking—resulting in a completely passive investment with zero landlord obligations. The lease provides approximately 21.5 years of remaining term, featuring 10% rent increases every five years, growing NOI from approximately $247,500 to over $362,000 during the base term, with additional upside through four (4) five-year renewal options. The property features Wendy’s efficient dual-lane “Y” drive-thru prototype, designed to maximize throughput, enhance customer experience, and support strong, sustained unit-level performance.
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