Wendy’s 20 Year NNN Lease | Upcoming Store Remodel

6104 Center Grove Rd, Edwardsville, IL 62025, USA
$2,704,347

Description

Marcus & Millichap is pleased to present for sale this Wendy’s Restaurant with Drive Thru located at 6104 Center Grove Road in Edwardsville, Illinois. Edwardsville is a very wealthy suburb of St. Louis with a population exceeding 26,000 residents. Edwardsville is part of the Southern Illinois and Metro east region of Greater St. Louis and only 18 miles Northeast of downtown St. Louis. Edwardsville is home to Southern Illinois University Edwardsville, The Edwardsville Arts Center and Edwardsville serves as the headquarters for Prairie Farms Dairy which is one of the largest dairy cooperatives in the United States and is ranked in the top 10 of the largest privately held companies in the St. Louis Region.
This Wendy’s, subject to a 20 year NNN Lease, will undergo a complete store remodel post-closing. This Wendy’s is located directly adjacent to Edwardsville High School with more than 2,300 students and seven minutes from The SIU Campus located on 2,660 acres with more than 13,000 students. Also nearby is Lewis and Clark Community College with 12,000 students.
Many apartment complexes surround this Wendy’s including The Reserve with 162 Units, Whispering Heights with six stories and 43 Units, Newcastle Apartments and Bonne Terre Apartments. Also nearby is Gateway Regional Medical Center with 305 Beds and has been serving the Edwardsville community for over 100 years. Also located nearby is Anderson Hospital with 154 beds.
Wendy’s is an international fast-food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019, there were a total of 6,711 locations including 353 that are company owned. 6,356 restaurants are franchised and 77 percent of them are located in North America. The Wendy’s Company is the World’s Third Largest Quick-Service Hamburger Company and Employs Over 14,000 Individuals.

 

  • 20 Year Absolute NNN Lease with 7% Increases Every 5 Years
  • Restaurant will Undergo Full Remodel by 2023
  • Very Affluent Demographics: Average Household Income Exceeds $127,898 in a 1 Mile Radius
  • Located directly next to Edwardsville High School with more than 2,300 students
  • A Short 7 Minute Drive to SIU–Edwardsville with more than 13,000 students
  • Operated and Backed by WenZak Companies, an Illinois, Iowa and Indiana Operator with 39 Locations
  • Operator Named to Wendy’s Hall of Fame in 2021

 

About WENZAK Inc.
Wenzak, which also operates under the name Wendy’s, is located in Springfield, Illinois. This organization primarily operates in the Fastfood Restaurant Business. This organization is comprised of a long standing and successful Wendy’s operator with 39 locations in Illinois, Indiana and Iowa. The owner of The WenZak Companies is also the Chairman of Wendy’s Franchisee Association. He was honored as Franchisee of the Year in 2016 and named into the Wendy’s Hall of Fame in 2021.

Property Documents

  • City: Edwardsville
  • State/county: Illinois
  • Zip/Postal Code: 62025
  • Country: United States

Detail

  • Price: $2,704,347
  • Year Built: 2023

Additional details

  • CAP RATE: 4.60%
  • NOI: $124,400

Features