Overview

Description

Wendy’s has 17 years remaining on initial 20-year Absolute NNN lease with attractive 8% rental escalations every 5 years! Next rental escalation is 01/01/26. The Tenant, Wenspoke Companies is an experienced Wendy’s Franchise owner/operator with ±67 restaurants spread across the Pacific Northwest & Midwest. Tenant on Lease (Wenplains, LLC) encompasses 10 locations in the Midwest. It is Successfully open & operating since 2017 with an attractive 5.14% Rent-to-Sales Ratio! Sales are well-above the national average and have been increasing year over year for over 5 years in a row! Wendy’s was Built in 2017 to Wendy’s latest prototype with impressive double drive-thru stack & ample parking for both cars & tractor trailers.
The Asset is Positioned on a large ±1.80-acre lot, on the intersection of US 54 & US 270 with excellent drive-by visibility/access on both streets where traffic counts exceed 19,670 CPD! It is Adjacent to a newly constructed Love’s Truck Stop; Retailers in Liberal include Walmart, Dillon’s, Ollie’s Bargain Outlet, Big R Stores, Ashley, Tractor Supply, Burke’s Outlet, Dunham’s Sports, Glik’s, Cato, Maurices, rue 21, Buckle, Sally Beauty, Mead Lumber, Westlake Ace Hardware, Hibbett Sports, Famous Footwear, GNC, Dollar Tree, Dollar General, Family Dollar, Aaron’s, Rent-A-Center, O’Reilly Auto Parts, AutoZone, NAPA Auto Parts, Walgreens, Verizon, Cricket Wireless, etc.; Dining options include McDonald’s, Taco Bell, Burger King, Sonic Drive-In, Arby’s, Taco John’s, Pizza Hut, Little Caesars, KFC, IHOP, Applebee’s, Freddy’s, Subway, Braum’s, Starbucks, Scooter’s Coffee, and Daylight Donuts. It is 2.5 miles from Seward County Community College - a public community college that offers over 40 majors and provides programs in nursing, surgical technology, lab technology, and respiratory therapy, with 1,590 students; 2.5 miles from Southwest Medical Center - a non-for-profit acute care hospital with a 101-in bed facility and offers 24-Hour Emergency care, intensive care unit, cardiopulmonary, pharmacy and more.

Highlights

• 17 years remaining on initial 20-year Absolute NNN lease with attractive 8% rental escalations every 5 years! Next rental escalation is 01/01/26.
• Wenspoke Companies is an experienced Wendy’s Franchise owner/operator with ±67 restaurants spread across the Pacific Northwest & Midwest. Tenant on Lease (Wenplains, LLC) encompasses 10 locations in the Midwest.
• Successfully open & operating since 2017 with an attractive 5.14% Rent-to-Sales Ratio! Sales are well-above the national average and have been increasing year over year for over 5 years in a row!
• Built in 2017 to Wendy’s latest prototype with impressive double drive-thru stack & ample parking for both cars & tractor trailers
• Positioned on a large ±1.80-acre lot, on the intersection of US 54 & US 270 with excellent drive-by visibility/access on both streets where traffic counts exceed 19,670 CPD!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 20,198 | Average Household Income (1-MI): $79,724
• According to Bureau of Labor Statistics (December 2023), Kansas’s rate at 2.8% | National unemployment rate at 3.7%

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