Wendy’s
Single-Tenant Offerings
Wendy’s
5815 St Clair Ave.
Cleveland, OH
- Price:
- $4,735,000
- Cap Rate:
- 4.50%
- NOI:
- $213,056
- Rentable SQFT:
- 2,609 SF
- Year Built:
- 1978/2018
- Lot Size:
- 0.54 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- Approximately 15 Years Remaining with 10% Increases Every 5 Years
- Absolute NNN Lease with No Landlord Responsibilities
- Rare Corporate Guaranty (NASDAQ: WEN), 6,800 Locations with $1.71 Billion in Revenue
- High-Performing Location with Upward Trending Sales, 18% Above the National Average for Wendy’s
- 44+ Year Operating History at This Location, Tenant Completed Interior/Exterior Remodel in 2018
- Brick Building with a Drive-Thru, 90% of System-wide Sales for Wendy’s are Generated by Drive-Thru Revenue
- Infill Location, Serving Over 208,000 Residents in Immediate Trade Area
- Highly Visible Along Major Commercial Artery with Direct Access to Downtown Cleveland, Just Off Signalized Intersection with 26,812 Cars/Day
- 2 Miles to Cleveland State University (16,000 Students) and 3 Miles to Case Western Reserve University (12,142 Students)
- 3.5 Miles to Cuyahoga Community College – Metropolitan Campus with Approximately 20,000 Students
- Close Proximity to Several K-12 Schools with More Than 15,000 Students
- 3 Miles to Cleveland Cavaliers Stadium (NBA), Cleveland Guardians Stadium (MLB), and 3.5 Miles to Cleveland Browns Stadium (NFL)
- Surrounded by Several Major Medical Centers/Hospitals, Including Cleveland Clinic’s Main Campus & Children’s Hospital (32,200 Employees) and University Hospital’s Main Campus (14,500 Employees)
- Minutes to The Cleveland Museum of Art (865,000 Visitors/Year) and The Cleveland Museum of Natural History (300,000 Visitors/Year)
- Strong Daytime Population, Over 190,000 Employees within a 5-Mile Radius
- 2 Miles to Downtown Cleveland (19.2 Million Visitors Annually) and Just South of Lake Erie (7+ Million Visitors Annually)
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