Wendy’s Absolute NNN Lease | Strong Store Sales

6410 Sargent Rd, Hyattsville, MD 20782, USA
$2,744,800

Description

Marcus & Millichap is pleased to offer for sale this absolute net leased Wendy’s located at 6410 Sargent Road in Hyattsville, Maryland. The subject property is located in just a short six mile drive from The White House in the DC Metro Area with more than 700,000 people located in a five mile radius. This Wendy’s Restaurant with Drive Thru is operated by Flynn Restaurant Group, the  largest franchise operator in the United States. Flynn Restaurant Group generates more than $3.5 Billion in Annual Sales and directly employs 73,000 people in 43 states.
Wendy’s has a long operating history at this site and has experienced very strong, year over year increasing sales. There are numerous National and Regional retailers in the immediate area including Pizza Hut, CVS Pharmacy, 7 Eleven, Save a Lot, Home Depot, Giant Food, Dunkin Donuts, Staples, Aldi, Starbucks, Regal Cinemas and LA Fitness among others.
Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. As of January 2019, there were a total of 6,711 locations, including 353 that are company-owned. 6,358 restaurants are franchised, and 77 percent of them are located in North America. (In 2016, Wendy’s was the world’s third largest hamburger fast-food chain, following Burger King’s 12,000 plus locations and McDonald’s with over 31,000 plus locations.)

  • Operated by Flynn Restaurant Group, the Largest Franchise Operator in the United States with more than 2,400 Restaurants and $3.5 Billion in Annual Revenue
  • Very Strong, Increasing Year over Year Sales
  • Rare Freestanding Single Tenant Wendy’s in the DC Metro Market – 6 Miles from The White House
  • Affluent Demographics: Average Household Income Exceeds $108,000 in the Market Area
  • Dense Population: More than 31,000 People in a One Mile Radius and more than 700,000 People in a Five Mile Radius
  • Absolute NNN Lease with No Landlord Responsibilities
  • 8 Minutes from University of Maryland at College Park – 41,200 Students on a 1,340 Acre Campus
  • 14+ Years Remaining on the Base Term of the Lease

Property Documents

  • City: Hyattsville
  • State/county: Maryland
  • Zip/Postal Code: 20782
  • Country: United States

Detail

  • Price: $2,744,800
  • Year Built: 1986

Additional details

  • CAP RATE: 5.00%
  • NOI: $137,240

Features