Wendys

Retail

1714 E. Oglethorpe Blvd Albany, GA
Price:
$ 1,785,606
Property Size:
2,515 sqft
Cap Rate:
5.25
NOI:
$ 93,744
Year Built:
1997
Status:
Sale

The Franchisee, BF Georgia (4 Albany locations & 3 Atlanta Locations), is a subsidiary of Bridgeman Foods, a large scale conglomerate that spans 17 states and 370 locations including 195 Wendy’s. The Company has been awarded the prestigious Wendy Award for exemplary performance by a franchisee. Wendy’s is the third largest hamburger fast food chain worldwide with over 6,700 locations worldwide. Global system wide sales in 2020 are expected to reach $11.5B.

The property operates under an absolute triple net lease structure, with Wendy’s responsible for all operating expenses, taxes, and insurance. This lease features zero landlord responsibilities, reflective of the most passive net lease investment type.

Wendy’s Restaurant signed a new 20 year lease in 2015, demonstrating commitment by a premier quick service restaurant operator to this location, which is situated along the heavily trafficked Oglethorpe Blvd. The E Oglethorpe Blvd and Edison Dr intersection experiences over 18,000 vehicles per day.

The subject property is located in Albany, GA in Southwest GA and is easily accessible from the 19 highway. Albany is the seat of Dougherty County, and is the eighth-largest city in Georgia. Health care, education, and the Marine Corps Logistics Base are the city’s largest employers.

The lease features attractive annual rent escalations growing the initial yield an investor would expect to receive over time. Additionally, the store’s rent-to-sales ratio of <8% demonstrates the strength and viability of the location.

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Matt Berres
Executive Managing Director
949.608.2066

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