Phone: 212.972.7457Fax: [email protected]
Price: $790,642 | NOI: $41,904 | CAP: 5.30%
Wendy’s Corporate Ground Lease
6205 Old Highway 92, Acworth, GA 30102
Within the Atlanta MSA – 3rd Largest in the Southeast
Wendy’s International, LLC Corporate Guarantee| S&P: B | NASDAQ: WEN
Absolute Triple Net Ground Lease
Pad site to High Volume Kroger and Cherokee Commons (104,000 sf shopping center) with minimal competition
High growth area - population increase of 6.33% between 2010-2015 within 5 miles
Dense market with significant new housing development and 158,171 people within 5 miles
Good traffic counts: Highway 92 (34,240 VPD) and Bells Ferry Rd (20,820 VPD)
Exclusive Offering
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
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INVESTMENT OVERVIEW
Whisper Valley Ranch
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
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Wendy’s
Investment Overview
PROPERTY OVERVIEW:EXP Realty Advisors exclusively presents for sale a corporate Wendy’s Ground Lease located in Acworth, GA. Thebuilding is 3,094 sf, situated on 0.669 acres. There are 5.8 years remaining on the lease’s base term. The site isaccessible from Highway 92, which receives 34,240 vehicles per day. The property is a pad site to Cherokee Commons,a 104,000 sf shopping center anchored by a high volume Kroger, and which also includes Subway, Krystal, PetSupermarket, and Havoline Express Lube. The property is located within with a significant retail corridor, whichincludes McDonald’s, Shell, Citgo, QuikTrip, AutoZone, Aaron’s, Bank of America, Goodyear, Taco Bell, Waffle House,Texaco, Family Dollar, Food Depot, Little Caesar’s, Title Max, and Wells Fargo. There is a population of 158,171 within a5 mile radius, and an average household income of $80,234 within a 3 mile radius. The tenant does not report sales.
LOCATION OVERVIEW:Acworth, GA is a city in Cobb County, Georgia, within the Atlanta Metropolitan Statistical Area, which has an estimatedpopulation of over 6.2 million. The three mile Average Household Income is $80,234. Acworth is known as one of theprime shopping areas in Cobb County, with newly built shopping centers, big box stores, malls, and restaurants.Acworth is 30 miles north of Downtown Atlanta via I-75 and 12 miles north of Marietta, GA.
With respect to the market, there is some significant housing growth going on in the area. Nearby housing projectsunderway include DR Horton’s Centennial Lakes (est. 250-350K homes) which was more than 50% complete with itsplanned +900 homes as well as DR Horton’s Wilshire Commons, and Smith Douglas’ Tyson Woods (est. 200Khomes) —both within .25 mile of the property. As the only mainstream grocer within a 3 mile radius, CherokeeCommons is the most proximate grocer anchored center to each of these developments, and this housing growthpromises to burgeon Kroger’s already strong sales.
LEASE SUMMARY:Lease Expiration: 12/31/2021Rent*: $41,904 (as of 01/01/17)Options: Five – 5 Year OptionsOptions Escalations: 8% every 5 yearsLease Type: Absolute Triple Net Ground Lease
*Seller will credit the difference between current and escalated rent as of closing. Current rent is $38,800.
INVESTMENT SUMMARY
Price: $790,642
CAP Rate: 5.30%
NNN Rent: $41,904
Escalations: 8% every 5 years
in options
Bld. Sq Ft: 3,094 sf
Land Size: 0.669 acres
Lease Type: Absolute NNN
Ground Lease
INVESTMENT OVERVIEW
Whisper Valley Ranch
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
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Wendy’s
Investment Overview
TENANT OVERVIEW: Wendy’s International, LLC |S&P: B | NASDAQ: WEN
Wendy’s International, LLC is the parent company of Wendy’s Old
Fashioned Hamburgers. Wendy’s International LLC, together with its
subsidiaries, develops, operates, and franchises a network of quick-service
restaurants in the United States and internationally. The Wendy’s Company
is the world’s third largest quick-service hamburger company, and its
system includes more than 6,500 franchise and company restaurants in the
U.S. and 27 other countries and U.S. territories worldwide, with annual
revenues in excess of $2.48 billion. The company was formerly known as
the Wendy’s/Arby’s Group, Inc. and changed its name to The Wendy’s
Company in July 2011. The Wendy’s Company was founded in 1969 and is
headquartered in Dublin, Ohio.
Wendy’s menu consists primarily of hamburgers, chicken sandwiches,
French fries and beverages, including the Frosty. Restaurants offer the
Dave, single square-pattied burger made with fresh ground beef rather
than round frozen patties. Wendy’s uses these square hamburger patties –
which hang over the edge of a circular bun – as its signature item. Dave
sandwiches come in both “Junior” 1.78 ounce and “Single” 4 ounce patty
sizes. Menu items also include a variety of various sides, value meals, and
dessert items.5 Old Highway 92, Acworth, GA 30102
Whisper Valley Ranch
Area History
AERIAL
Whisper Valley Ranch
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Wendy’s
Aerial
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Whisper Valley Ranch
Area History
AERIAL
Whisper Valley Ranch
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Wendy’s
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Whisper Valley Ranch
Area History
AERIAL
Whisper Valley Ranch
Property Line Map
Wendy’s
Bird’s Eye View
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Whisper Valley Ranch
Area History
AERIAL
Whisper Valley Ranch
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Wendy’s
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Whisper Valley Ranch
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Wendy’s
Location Map
LOCATION MAPThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
Wendy’s
Location Map
LOCATION MAPThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
DEMOGRAPHIC DATA
Whisper Valley Ranch
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Wendy’s
Demographic Data
Contact Us
EXP Realty Advisors118 East 28th Street
Suite #901New York, NY 10016
Phone: (212) 972-7457Fax: (212) 686-0078www.exp1031.com
Our Team
Robert P. JamesPresident
Phone: (212) 972-7457Email: [email protected]
Daniel de Sa‘Director of Sales
Phone: (212) 972-7457E-mail: [email protected]
Radius 1 Mile 3 Mile 5 Mile
Population:
2020 Projection 7,991 71,547 168,471
2015 Estimate 7,532 67,230 158,171
2010 Census 7,337 63,803 148,750
Growth 2015-2020 6.09% 6.42% 6.51%
Growth 2010-2015 2.66% 5.37% 6.33%
2015 Population Hispanic Origin 1,731 8,393 17,377
2015 Population by Race:
White 6,022 53,080 123,129
Black 1,057 9,916 24,430
Am. Indian & Alaskan 59 330 729
Asian 173 2,328 6,029
Hawaiian & Pacific Island 16 57 104
Other 205 1,521 3,751
U.S. Armed Forces 0 69 160
Households:
2020 Projection 2,794 25,187 59,786
2015 Estimate 2,628 23,644 56,089
2010 Census 2,533 22,361 52,664
Growth 2015 - 2020 6.32% 6.53% 6.59%
Growth 2010 - 2015 3.75% 5.74% 6.50%
Owner Occupied 1,579 17,274 40,976
Renter Occupied 1,049 6,370 15,112
2015 Avg Household Income $57,309 $80,234 $79,511
2015 Med Household Income $44,264 $65,519 $66,258
2015 Households by Household Inc:
<$25,000 581 3,391 8,056
$25,000 - $50,000 833 5,311 12,851
$50,000 - $75,000 478 4,724 10,710
$75,000 - $100,000 420 4,037 9,716
$100,000 - $125,000 212 2,867 6,767
$125,000 - $150,000 28 1,151 2,885
$150,000 - $200,000 37 1,094 2,852
$200,000+ 40 1,070 2,252
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
