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Corporate Wendy's at Prime Broadway Corner 5805 Broadway 2,389 SF Retail Building Bronx, NY 10463 $4,700,000 ($1,967.35/SF) 5.50% Cap Rate
Investment Highlights
- Corporate Wendy's NNN Lease | Options Through 2050
- 171' Broadway Frontage | 211' Kingsbridge Ave Frontage
- New Construction (2019) | Signalized Hard Corner
- Steps from 238th Street Subway Station (1 Train)
Executive Summary
RIPCO Real Estate has been exclusively retained to arrange the sale of 5805 Broadway, a single-story, 2,389 square foot drive-thru quick-service restaurant net-leased to Wendy's in the Kingsbridge section of the Bronx, NY.
Constructed in 2019/2020 as a build-to-suit for Wendy's, the property sits on a 13,300 square foot lot at a signalized hard corner with 171 feet of frontage on Broadway and 211 feet on Kingsbridge Avenue, with additional exposure on West 238th Street. Wendy's operates under a corporate NNN lease with 3.7 years of term remaining on the current period, plus four 5-year renewal options carrying fixed 10% escalations that extend the rent schedule through February 2050. Under the lease, the tenant is responsible for real estate taxes, insurance, and maintenance of the roof, structure, and parking areas.
Contact exclusive brokers for additional information or to arrange a property inspection.
The property sits within one of the densest trade areas in the country, with more than 783,000 residents within three miles and consistent vehicle and pedestrian activity at the signalized Broadway intersection. The immediate trade area is anchored by the adjacent Riverdale Crossing shopping center (BJ's Wholesale Club, Ace Hardware, Petco) and the elevated 238th Street subway station on the 1 line, which delivers daily foot traffic directly past the corner.
Please contact the exclusive brokers for additional information or to arrange a property inspection.
Constructed in 2019/2020 as a build-to-suit for Wendy's, the property sits on a 13,300 square foot lot at a signalized hard corner with 171 feet of frontage on Broadway and 211 feet on Kingsbridge Avenue, with additional exposure on West 238th Street. Wendy's operates under a corporate NNN lease with 3.7 years of term remaining on the current period, plus four 5-year renewal options carrying fixed 10% escalations that extend the rent schedule through February 2050. Under the lease, the tenant is responsible for real estate taxes, insurance, and maintenance of the roof, structure, and parking areas.
Contact exclusive brokers for additional information or to arrange a property inspection.
The property sits within one of the densest trade areas in the country, with more than 783,000 residents within three miles and consistent vehicle and pedestrian activity at the signalized Broadway intersection. The immediate trade area is anchored by the adjacent Riverdale Crossing shopping center (BJ's Wholesale Club, Ace Hardware, Petco) and the elevated 238th Street subway station on the 1 line, which delivers daily foot traffic directly past the corner.
Please contact the exclusive brokers for additional information or to arrange a property inspection.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,389 SF
Building Class
B
Year Built
2018
Price
$4,700,000
Price Per SF
$1,967.35
Cap Rate
5.50%
NOI
$258,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.29 AC
Zoning
C8-2 - Commercial District (C8-2) — permits retail, restaurant, and drive-thru quick-service uses
Frontage
Amenities
- Bus Line
- Corner Lot
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy's began as a single hamburger restaurant and grew into a franchise-based quick-service chain. The company serves a menu centered on square hamburgers made with fresh beef, along with chicken sandwiches, salads, chili, baked potatoes, breakfast items, and the Frosty dessert. Wendy's operates through company-owned and franchised restaurants and uses a system that extends across a broad international footprint. The business remains focused on restaurant operations, menu development, and franchising as part of The Wendy's Company.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05765-0710 | Improvements Assessment | $533,670 |
| Land Assessment | $275,400 | Total Assessment | $809,070 |
Property Taxes
Parcel Number
05765-0710
Land Assessment
$275,400
Improvements Assessment
$533,670
Total Assessment
$809,070
Contacts
-
Stephen Preuss -
Kevin Schmitz -
Kevin Louie -
Andreas Efthymiou -
Ripco Real Estate
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