Wendy's | Absolute NNN Lease
$4,408,640
3636 Branch Avenue, Hillcrest Heights, MD 20748
For Sale
Retail
Unknown Sub Type
Active
Last Updated: 06/03/2025
5.5
Cap Rate
242,475
NOI
Details:
Cap Rate: 5.5%
NOI: $242,475
Building Size: 3,200 sqft
Lot Area: 1.22 acres
Lease Type: Absolute Net
Year Built: 1996
Year Last Renovated: 2022
Highlights:
- Highly Visible Location – The subject property is ideally located along major roadways, and sees over 50,200 VPD on Branch Avenue and 10,324 VPD on Old Silver Hill Rd.
- Absolute NNN Lease – The tenant is responsible for all expenses providing an investor with passive income and no landlord responsibilities.
- Superior Sales Performance – This Wendy’s location generated approximately $3,839,352 in 2024 annual sales, substantially exceeding the national average of $1.98 million per location. The rent to sales ratio is 6.3% indicating a highly profitable unit.
- Long-Term Lease – The primary lease term was recently extending has over 15 years remaining and one, 5-year option to extend.
- Affluent Submarket – The average household income in the surrounding 5 miles is over $98,861 per year with consumer spending coming in at approximately $5.2B per year.
- Long Operating History – Tenant has successfully operated at this location for over 16 years and averages approximately 35,337 customer visits per month according to AlphaComposite data.
- Proximity to Popular Retailers – Popular retail destinations in the surrounding area include The Shops at Iverson, 7-Eleven, CVS, Chipotle, Giant, and many others.
- Exceptional Population Density – With over 360,000 residents within 5 miles, this location is supported by a strong and consistent customer base, with positive population growth trends and average household incomes exceeding $80,000 further underpinning long-term demand.
- Tenant-Funded Capital Improvements – In 2022, the tenant completed a full façade upgrade at their own expense, demonstrating a strong commitment to the location and enhancing the property’s long-term value and curb appeal.
Documents:
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Offering Memorandum |
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