WENDY'S | $1,484,324 | 5.25% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Wendy's a single-tenant property located at 1792 South Creek One, Powhatan (Richmond MSA), VA. Wendy's is backed by an experienced operatior with a 22 Unit Guaranty. The absolute-net lease has 10% increases every 5 years with Five, 5 year options to extend. Subject Property is Anchored by Food Lion and near Powhatan High School which has over 1,480+ students.
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is our Recipe,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty dessert. The Wendy’s Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption and its signature Wendy’s Wonderful Kids program, which seeks to find every child in the North American foster care system a loving, forever home. As of March 2021, Wendy’s and its franchisees employ hundreds of thousands of people across more than 6,800 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand. Currently, Wendy’s is the world’s number three hamburger chain in terms of locations (only behind McDonald’s and Burger King).