714 Nursery Rd
Linthicum Heights, MD 21090
Wendy's | Healthy Rent-to-Sales Ratio · Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in this Wendy’s in Linthicum Heights, Maryland, an infill Baltimore submarket. The Tenant, Wendy’s Properties, LLC, has over eight years remaining on a corporately guaranteed absolute NNN lease. Wendy’s Properties, LLC is a wholly owned subsidiary of The Wendy’s Company, rated B2/stable by Moody’s. The Wendy’s Company (NASDAQ: WEN) is an international fast food chain founded in 1969. As of January 2, 2017, Wendy’s is the world’s third largest quick-service hamburger chain with over 6,500 locations, including 330 that are company-owned. This is a long-established Wendy’s location and has operated since 1984. DavCo Restaurants, one of the chain’s largest franchisees, recently sold this location to Wendy’s Properties, LLC at which point Wendy’s did an assignment of the existing lease for 10-years. The Property is located in densely populated Linthicum Heights, Anne Arundel County, Maryland, directly north of Baltimore-Washington International Thurgood Marshall Airport (BWI). Situated upon a large 0.99-acre parcel, the Tenant is strategically positioned along Nursery Road (MD 168) two-tenths-of-a-mile off Interstate-695, a beltway interstate highway extending around Baltimore. The Tenant is positioned between a Hardee’s and KFC with excellent frontage along Nursery Road and prominent visibility. The Property is across the street from a newly renovated McDonald’s and Taco Bell, and in proximity to Shell and Exxon gas and convenience stores. Linthicum Heights is a dense submarket located 6.5 miles southwest of Baltimore and five miles northeast of BWI Airport with 90,231 people within a three-mile radius. Finally, this asset is unique as an investor will benefit from the fee-simple nature of this offering, which allows for depreciation and a low rental rate structure providing immense upside should the tenant vacate.