Wendy’s
Single-Tenant Offerings
Wendy’s
250 E 222nd St.
Euclid (Cleveland MSA), OH
- Price:
- $5,618,000
- Cap Rate:
- 4.50%
- NOI:
- $252,803
- Rentable SQFT:
- 3,740 SF
- Year Built:
- 2010
- Lot Size:
- 1.016 +/- 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 Above Average Sales
- 37+ Year Operating History at This Location, Tenant Demolished Old Structure on Premises in 2010
- All-Brick Building with a Drive-Thru, Drive-Thru Revenue has Grown to 90% of System-wide Sales for Wendy’s
- Serving Over 136,000 Residents in Dense Cleveland Suburb
- In the Heart of Euclid’s Central Business District, Just Off Signalized Intersection with 40,769 Cars/Day
- Easy Access to I-90 with 118,700 Cars/Day, Connects to Downtown Cleveland
- Across from Aldi, Dave’s Supermarket, Burlington Coat, Dollar Tree, Dunkin Donuts, Chipotle, Burger King and Many More
- 1.5 Miles to High-Volume ER at UH Euclid Health Center and Euclid Hospital
- Strong Daytime Population, Over 53,600 Employees within a 5-Mile Radius
- Down the Street from an Amazon Fulfillment Center with 2,800 Employees and Lincoln Electric’s Corporate Headquarters with 5,905 Employees
- Surrounded by Several K-12 Schools with Over 12,000 Students
- Nearby Multiple Civic City-Owned Properties (Shore Cultural Centre, Triangle Park, Lakefront Community Center/Lakefront Park & Trail, and the 40-Acre Sim’s Park)
- Minutes to Lake Erie with More Than 7 Million Visitors Annually
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