2037 S Broad St
Philadelphia, PA 19148
Wendy's · Retail Property For Sale

INVESTMENT HIGHLIGHTS: - Generous Fixed Increases in the Base Term of 10% Every 5th Lease Year and in each of the Four, 5-Year Options - Corporately Guaranteed Lease by The Wendy’s Company, publicly traded under the ticker (NASDAQ: WEN) with a market cap of over $4 Billion. - Best in Class Operator – Restaurant is operated by Briad Group which operates 111 Wendy’s locations, 57 TGI Friday’s and hotels in New York, New Jersey and Connecticut with 1,200 rooms - In 2016, Briad ranked 16th on the Franchise Times Restaurant 200 list boasting annual sales of close to $400,000,000. BUILDING HIGHLIGHTS: - 3,920SF Building with additional basement floor maximizing building’s useable square footage. - Premium Construction originally built for a Bank and retrofitted with significant improvements in 2016 to convert the use to a Wendy’s restaurant - Generational Asset – Originally constructed in 1900, the building has stood the test of time and is very aesthetically pleasing with a stone façade. LOCATION HIGHLIGHTS: - Hard Corner Location – The subject property sees a combined 26,000 VPD from Broad St and Snyder Ave - Snyder Station Metro – The subject property is located directly across from the Snyder Station Subway Metro - Densely Infilled Urban Downtown Location – The property sees over 100,000 hungry customers in a 1-Mile radius and boasts 720,000 residents in a 5-Mile Radius. - Low Fast Food Competition – Only competitor in the immediate vicinity is Popeye’s increasing the tenants probability of continued strong performance. - Located in the Heart of South Philadelphia, the subject property benefits from significant foot traffic and is strategically positioned as the closest restaurant to South Philadelphia High School. - Only 1-Mile north of Philadelphia’s Stadium Corridor which contains the Wells Fargo Center (Home of the 76ers’ Basketball & Flyers Hockey), Citizen’s Bank Park (Home of the Philly’s Baseball), Lincoln Financial Field (Philadelphia Eagles Football) and Xfinity Live a concert venue.