Wendy's | Absolute NNN Lease

Description:

Property Overview
● ABSOLUTE NNN LEASE: Offering zero landlord responsibilities and a consistent, reliable income stream.
● LONG TERM LEASE: Over 9 years remaining on the base term.
● HEDGE AGAINST INFLATION: Built in rental increases - 10%.
● LOW RISK INVESTMENT: Digestible rent, increasing the long-term viability of the tenant.
● HIGH TRAFFIC COUNTS: Strategically located on University Parkway that experiences 31,000+ vehicles per day and near US-52 that experiences 52,000+ vehicles per day.
● TENANT IMPROVEMENTS: Remodeled in 2016 as part of their Image Activation program.
● EXTRAORDINARY RETAIL SYNERGY: Benefiting from the additional traffic of Home Depot and The Grand IMAX Movie Theater, other surrounding tenants include, Target, Chipotle, CVS, Jiffy Lube, Aldi, KFC, Discount Tires, FastMed Urgent Care, Clutch Coffee Bar, Quality Inn, Public Storage, Doubletree, Spark by Hilton, Chick-Fil-A, Starbucks, Taco Bell, Lowes, Sam's Club, Walmart Supercenter and much more.
● NEARBY SCHOOLS AND UNIVERSITIES: Up the road from Wake Forest University that caters for 9,000+ students, and across the street from North Forsyth High School that caters for 1,100 students and teachers.

TENANT Overview
● TOP-RATED TENANT: Wendy's is a globally recognized quick service restaurant with ±7,000 locations across the United States and operations in 29 countries worldwide making it a reliable and stable income stream for investors.
● LARGEST WENDY’S FRANCHISEE: Meritage Hospitality Group (Uncommon Hospitality LLC) is one of the largest Wendy’s franchisees operating 375+ units.

DEMOGRAPHICS
● WINSTON SALEM: Part of the Piedmont Triad region, North Carolina's top economic hub with nearly 1.7 million residents within the Triad MSA.
● LARGE POPULATION: 100,000+ residents within 5 miles and 305,000+ residents within 10 miles.
● GROWING POPULATION: Steadily increasing population with estimates showing strong growth over the next 5 years.

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