{"id":2844,"date":"2024-09-18T20:02:21","date_gmt":"2024-09-18T20:02:21","guid":{"rendered":"https:\/\/www.bouldergroup.com\/blog\/?p=2844"},"modified":"2024-09-18T20:02:21","modified_gmt":"2024-09-18T20:02:21","slug":"net-leased-wendys-sold-2","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-leased-wendys-sold-2\/","title":{"rendered":"Net Leased Wendy&#8217;s Sold"},"content":{"rendered":"<p>The Boulder Group, a net leased investment brokerage firm, completed the sale leaseback of a single tenant Wendy\u2019s restaurant located at 2962 Kirk Road in Aurora, Illinois for $2,608,695.<\/p>\n<p>The 2,336 square foot property is strategically positioned along Kirk Road (36,100 VPD), which serves as the main retail corridor for the surrounding area. The subject property benefits from its location as an outparcel to Walmart. Additional national retailers nearby include Walgreens, Starbucks, Dunkin\u2019, McDonald\u2019s, Chipotle, Panera, Taco Bell, Domino\u2019s, Goodwill, Advance Auto Parts, Verizon, BP, Take 5, and Physicians Immediate Care.<\/p>\n<p>The property is located within the Chicago MSA, ranked #3 in the United States by population. There are over 181,000 people living within 5 miles of the property.<\/p>\n<p>Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is an Illinois-based private corporation and the buyer is a New York-based private real estate investor.<\/p>\n<p>The brand new 20-year lease is NNN and features 10% rental escalations every 5 years. The property has a robust rent-to-sales ratio and is occupied by an established franchisee.<\/p>\n<p>Wendy&#8217;s was founded in 1969 by Dave Thomas in Columbus, Ohio. Wendy\u2019s is best known for its made-to-order hamburgers, using fresh, never frozen beef. Today, Wendy\u2019s and its franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide with a vision of becoming the world\u2019s most thriving and beloved restaurant brand.<\/p>\n<p>\u201cQSR assets with nationally recognized tenants continue to attract private investors\u201d said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, \u201cLong term leased assets with rental escalations are at the forefront of real estate demand.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Boulder Group, a net leased investment brokerage firm, completed the sale leaseback of a single tenant Wendy\u2019s restaurant located at 2962 Kirk Road in Aurora, Illinois for $2,608,695. The 2,336 square foot property is strategically positioned along Kirk Road (36,100 VPD), which serves as the main retail corridor for the surrounding area. The subject [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388,8],"tags":[181],"class_list":["post-2844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-sold","category-sold-properties","tag-net-lease-wendys"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Net Leased Wendy&#039;s Sold - The Boulder Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bouldergroup.com\/blog\/net-leased-wendys-sold-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net Leased Wendy&#039;s Sold - The Boulder Group\" \/>\n<meta property=\"og:description\" content=\"The Boulder Group, a net leased investment brokerage firm, completed the sale leaseback of a single tenant Wendy\u2019s restaurant located at 2962 Kirk Road in Aurora, Illinois for $2,608,695. 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