Wendy's 3161 Phoenix Center Dr 3,038 SF Retail Building Washington, MO 63090 $1,963,000 ($646.15/SF) 5.35% Cap Rate

CBRE’s Net Lease Property Group is pleased to present the opportunity to acquire a 100% fee simple interest in a freestanding new 10-year Wendy’s located in Washington, Missouri, within the Phoenix Center II retail development. The lease is signed by Wendy’s Properties LLC, a wholly owned subsidiary of The Wendy’s Company and serves as the corporate real estate arm for the Wendy’s brand locations.
Wendy’s benefits from excellent visibility and access within Phoenix Center II, a dominant retail hub in Washington, MO. Positioned near major retailers and along high-traffic corridors, the property captures strong daily traffic and serves a growing regional trade area. Washington is a thriving community in Franklin County, supported by robust residential growth and a diverse employment base. Its proximity to St. Louis (approximately 50 miles east) enhances economic activity and consumer demand.
Wendy’s is a premier quick-service restaurant operator with a global footprint exceeding 7,000 locations, including approximately 6,000 units in the United States. For fiscal year 2024, the company reported total revenue of approximately $2.25?billion and systemwide sales of roughly $14.5?billion, reflecting consistent year-over-year growth. Wendy’s benefits from a well-established brand and a predominantly franchised model, which provides stable cash flows and scalability.
CAN BE SOLD SEPARATELY OR AS A PORTFOLIO
Aspen Dental - 3155 Phoenix Center Drive, Washington MO | 3,500 SF | 4.5 Years Term Remaining | NOI: $105,875 | Price: $1,694,000 | CAP: 6.25%
Wendy's - 3161 Phoenix Center Drive, Washington MO | 3,038 SF | 9.75 Years Term Remaining | NOI: $105,000 | Price: $1,963,000 | CAP: 5.35%
Dick’s Sporting Goods and PetSmart 3152-3162 Phoenix Center Drive, Washington MO | 58,016 SF | 3.84 Years WALT | NOI: $719,359 | $10,277,000 | CAP: 7.00%
TOTAL PORTFOLIO: 64,554 SF | NOI: $930,234 | PRICE: $13,934,000