Wendy's - Albany, GA

1714 East Oglethorpe Boulevard, Albany, GA

$1,785,606

Price

5.25%

Cap Rate

2,515 sqft

Building Size

Overview
Cap Rate
5.25%
Building Size
2,515 sqft
Lease Type
Absolute Net
Year Built
1997
Tenancy
Single
Description

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.

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 lease to WENDBANY Corporation franchising this Wendy’s Restaurant location with BF Georgia features attractive annual rent escalations growing the initial yield an investor would expect to receive over time. Additionally, store sales have grown year over year by approximately 3%.

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.

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.

Documents
Title
Wendy_s_-_Albany__GA_OM.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery