Medford, OR - Wendy's

Description:

• Current Rent of $57,000 is Approximately 41% of Fair Market Value, providing investors the opportunity to mark the rent to market in 2031. Current Market Rent estimated at $135,000 annually, which equals an 8.29% Cap Rate in 2031. Rents are likely to inflate by 2031. Inquire with Agent for Ground Lease Comps.
• 46-Year operating history for Wendy’s at Location since 1980
• Strong Reported Sales. Inquire with Agent for Details
• Top 22% Wendy’s Location Nationwide, per Placer.ai
• Wendy’s Franchisee, Wenspok Companies operates 67 locations across 10 states

• Pad to Bear Creek Plaza, a 189,000 SF center anchored by Bi-Mart, Crunch Fitness (New Lease), Dollar Tree, and Yami Market & Buffet (New Lease), and others. The center generates over 3.1 million annual visitors per Placer.ai
• Other pad tenants in the center rank in the top percentile of their chain nationally, including McDonald’s (top 19% nationwide), First Interstate Bank (top 3%nationwide), and Carl’s Jr. (top 20% nationwide)
• Dense co-tenancy drives significant daily crossover traffic directly to the subject Wendy’s

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Listing ID: a28TP000003ZmEXYA0