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Wendy's 4997 N Main St 2,809 SF Retail Building Dayton, OH 45415 $1,553,723 ($553.12/SF) 6.75% Cap Rate
Investment Highlights
- Eight Years Remaining on Absolute Triple-Net (NNN) Lease
- 8 Percent Rental Increases Every Five Years with Multiple Renewal Options
- High Traffic Location at the Corner of N. Main Street and Shoup Mill Road / Turner Road - Accessible by Approximately 41,630 Cars per Day
- Multi-Unit Franchisee - Tenant Operates 65 Wendy’s Locations Throughout Texas and Ohio
- Densely Populated Dayton Trade Area - Daytime Population Exceeds $166,000 within a Five-Mile Radius
- Surrounded by National Tenants: CVS, McDonald’s, Walgreens, and More
Executive Summary
The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quick-service hamburger company. The Wendy’s system includes over 7,300 restaurants in the U.S. and 29 other countries and U.S. territories worldwide.
Dayton is the sixth-largest city in the state of Ohio and the county seat of Montgomery County. It is home to over 137,600 people. The Dayton Metro is home to over 810,000 people with over 342,000 households. Composed of Greene, Montgomery, and Miami Counties, it is the fourth-largest metropolitan area in Ohio.
Dayton is the sixth-largest city in the state of Ohio and the county seat of Montgomery County. It is home to over 137,600 people. The Dayton Metro is home to over 810,000 people with over 342,000 households. Composed of Greene, Montgomery, and Miami Counties, it is the fourth-largest metropolitan area in Ohio.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,809 SF
Building Class
B
Year Built
1985
Price
$1,553,723
Price Per SF
$553.12
Cap Rate
6.75%
NOI
$104,876
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.87 AC
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
108’ on N Main St
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | E20-01008-0196 | Improvements Assessment | $247,900 |
| Land Assessment | $55,080 | Total Assessment | $302,980 |
Property Taxes
Parcel Number
E20-01008-0196
Land Assessment
$55,080
Improvements Assessment
$247,900
Total Assessment
$302,980
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Wendy's | 4997 N Main St
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