Wendy's
2,336 SF | Retail Building | Aurora, IL 60502 | $2,678,571 ($1,147/SF) | 5.60% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,678,571
- Property Type
-
Retail
- Square Feet
- 2,336 SF
- Price / Square Foot
- $1,147
Listing Contacts
Jimmy Goodman
Verified Profile
Randy Blankstein
Verified Profile
- Property Info
Property Overview
The Boulder Group is pleased to exclusively market the sale leaseback of a single tenant Wendy’s property positioned within the Chicago MSA in Aurora, Illinois. This location has had a strong sales volume since opening in 2018. The tenant operates 41 units and has been in business since 1995. The sale leaseback includes a 20-year primary term that will commence upon the close of escrow. There will be 10% rental escalations every 5 years throughout the primary term and four 5-year renewal options. The property is a Walmart Supercenter outparcel and has been successfully operating with a low rent to sales ratio and well above average store sales.
The 2,336 square-foot building benefits from its Walmart outparcel position along Kirk Road which experiences over 36,100 vehicles per day and connects directly south to Interstate 88 (109,000 VPD). The property is located in a dense retail corridor with nationally recognized brands such as Walgreens, Starbucks, Advance Auto Parts, Physicians Immediate Care, Chipotle, Panera, McDonald’s, Goodwill, and several others. Additionally, the property is surrounded by a dense population of over 181,000 people within a five-mile radius. Aurora is the second largest city in Illinois by population size. The area is comprised of an affluent population that brings in a six-figure average household income of $178,219
Wendy’s® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is our Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly prepared salads with hand-chopped lettuce, and other signature items like chili, baked potatoes and the Frosty® dessert.
The 2,336 square-foot building benefits from its Walmart outparcel position along Kirk Road which experiences over 36,100 vehicles per day and connects directly south to Interstate 88 (109,000 VPD). The property is located in a dense retail corridor with nationally recognized brands such as Walgreens, Starbucks, Advance Auto Parts, Physicians Immediate Care, Chipotle, Panera, McDonald’s, Goodwill, and several others. Additionally, the property is surrounded by a dense population of over 181,000 people within a five-mile radius. Aurora is the second largest city in Illinois by population size. The area is comprised of an affluent population that brings in a six-figure average household income of $178,219
Wendy’s® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is our Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly prepared salads with hand-chopped lettuce, and other signature items like chili, baked potatoes and the Frosty® dessert.
Property Details
- Year Built
- 2018
- Stories
- 1
Highlights
- Walmart Supercenter outparcel
- Aurora is the second largest city in Illinois by population size
- Proven sales history with low rent-to-sales of 6.65%
- New 20-year sale leaseback
- Established franchisee, 41-unit
- Six-figure average household income within one mile, $178,219
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].