Wendy's | Green Bay, WI
5.75% Cap Rate | 11 Years Remaining | #3 Ranked Location in WI (Placer.Ai)
Marketing description
Mid-America Real Estate Group has been retained on behalf of ownership to exclusively market for sale a freestanding Wendy’s located at 1100 Radisson Street in Green Bay, Wisconsin. The property is positioned at the signalized intersection of Webster Avenue and Radisson Street, approximately 0.3 miles from Interstate 43, providing strong visibility, convenient access, and exposure to consistent local and regional traffic.
Wendy’s has operated at this location since 2006 and recently extended its lease through December 31, 2037, demonstrating a long-term commitment to the site. The lease is structured as an Absolute NNN lease, with the tenant responsible for real estate taxes, insurance, utilities, repairs, maintenance, roof, structure, foundation, parking areas, landscaping, and building systems. The lease also includes a 5% rent increase on January 1, 2033 and 10% rent increases in each renewal option period.
Investment highlights
- Top Performing Wendy’s Location: Ranked #3 of 54 Wendy’s locations in Wisconsin and #409 of 5,623 locations nationwide according to Placer.ai visitation rankings.
- Absolute NNN Lease Structure: Tenant is responsible for taxes, insurance, utilities, repairs, maintenance, roof, structure, foundation, parking areas, landscaping, and building systems.
- Long Term Lease Commitment: Wendy’s has operated at this location since 2006 and recently extended its lease through December 31, 2037.
- Attractive Contractual Rent Growth: Lease features a 5% rent increase on January 1, 2033 and 10% rent increases in each renewal option period.
- Established Franchise Operator: Operated by Bridgeman Foods II, Inc., an affiliate of Manna Hospitality Group, a major multi-brand restaurant franchise operator.
- Signalized Hard Corner Location: Positioned at the intersection of Webster Avenue and Radisson Street with strong visibility and convenient ingress and egress.
- Immediate Interstate Access: Located approximately 0.3 miles from Interstate 43, providing convenient regional access throughout the Green Bay market.
- Strong Employment Drivers: Nearby demand drivers include Georgia-Pacific, Schneider National, American Foods Group, Downtown Green Bay, and the Green Bay Packers organization.
- Dense Daytime Population: The 5-mile trade area includes approximately 156,963 daytime residents, supporting consistent weekday traffic and restaurant demand.
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