Retail    

Wendy's

Tulsa, OK

Asking Price

$2,800,000

Cap Rate

5.00%

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Expenses

Absolute NNN

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Ground Lease

25-Year Term

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Building Size

2,686 SF

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Land

30,858 SF

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Brand New Construction
    New ground-up construction, built to the newest Wendy’s format including on-site WiFi and pandemic-friendly touch-screen ordering.
  • Strong Retail Fundamentals
    Situated on a signalized corner parcel with combined traffic counts of over 30k vehicles per day and an average household income of roughly $53,181 within a 3-mile radius.
  • New 25-Year Ground Lease (Plus Options)
    A brand new 25-year lease commenced on October of 2021, with 4 renewal options of 5 years each thereafter.
  • 10% Rental Increases
    The lease includes 10% rent increases every 5 years.
  • Excellent Sales
    Since opening day, annualized sales have been trending to roughly $1.75MM, – approximately 14.25% stronger than Wendy’s systemwide franchisee average.
  • Absolute NNN
    Tenant is responsible for all property taxes, all property insurance, and all maintenance.
  • Top 35 Operator
    Cotti Foods currently operates 202 restaurants in six states and is ranked 33rd nationally in the 2021 Franchise Times Top 200.

Exclusively Listed By

Matt Lipson

Associate Vice President
  mlipson@northmarq.com      503.468.7503
BRE #01892096

Chris Lomuto

Associate Vice President
  clomuto@northmarq.com      415.610.5230
BRE #01962410

Milo Spector

Senior Vice President
  mspector@northmarq.com      415.610.8970
BRE #01959211

In Association With
Jeff Tracy

OK Lic #148206

Northmarq

5 Centerpointe Dr
Suite 400
Lake Oswego, OR 97035


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