4210 Highway K
O'Fallon, MO 63368
Wendy's · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present this single-tenant netleased Wendy’s sitting on nearly 1 acre on Highway K in O’Fallon, Missouri. The subject property currently has less than a year left on the Absolute NNN Ground Lease. The lease calls for the current annual base rent of $90,750. Wendy’s has four, five-year options to renew with 10% rental increases at each new term. Located in St. Louis' most populated suburb of O'Fallon, just off of Interstate 64, this asset offers tremendous visibility to approximately 90,000 combined vehicles per day. The improvement is located just West of the Progress West Hospital, Persimmon Woods Golf Club, and employers like CitiMortgage at their 518,000-square-foot CITI Progress Point facility, providing plenty of mouths to feed. The site boasts excellent demographics with 110,256 residents within a 5-mile radius of the property and an average household income of $126,387 1 mile out. With a growing population and high average household income, O'Fallon provides the ideal backdrop for Wendy’s. This year, O’Fallon was named a top ten city to live in by two separate periodicals for their dedication to high-performing schools, safe neighborhoods, and low unemployment. The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quickservice restaurant company in the hamburger sandwich segment. Wendy’s is primarily engaged in the business of operating, developing, and franchising a system of distinctive quick-service restaurants serving high quality food. As of May 26, 2015, its restaurant system included approximately 6,500 franchised and company-operated restaurants worldwide.