Wendy's | $2,500,000 | 5.06% CAP
» ABSOLUTE-NET
20 Year Lease with 10% Increases Every 5 Years; Including Each of the Five, 5 Year Options to Extend the Term — 15.75 Years Remain.
» 44 UNIT FRANCHISEE | 22 UNIT GUARANTY
Lease is Backed by Wen-Gap West, LLC.
» EXCELLENT VISIBILITY & EASE OF ACCESS
The Property is Well Situated on a Major Retail Corridor with Frontage and Access on East Laburnum Avenue (27,000 Vehicles Per Day) and Hwy 360 (35,000 VPD).
» 1.5 MILES FROM RICHMOND RACEWAY | 51,000 SPECTATORS
Home of the Toyota Owners 400 which is apart of the Nascar Cup Series - Richmond Raceway has a Capacity of 51,000 Spectators.
» FANTASTIC OPERATING HISTORY | 40 YEARS AT LOCATION
Wendy’s has 40+ Years of Operation at this Location and Tenant Plans to Complete a Full Remodel in 2025.