Tenant: Wendy’s | Hesperia, CA Premises: 3,200 SF Renewal Options: 4 x 5 Years
Lease Expiration: 10/30/2037 Lease Type: Absolute NNN Ground Lease Rental Increases: 10% Every 5 Years
Brand New Construction Wendy’s Prototype (2017)
Long Term 20 Year Absolute NNN Ground Lease with Zero Landlord Responsibilities
Excellent Location From Interstate 15 (112,874 VPD) Off-Ramp with Impressive Traffic Counts on Main Street of 39,000 VPD
Outparcel to New Construction Shopping Center with Complimentary Tenant Mix
Escondido Plaza Consists of Aldi Food Market, Dollar Tree and T-Mobile
Strong & Proven Operator with Over 80 Wendy’s, 60 Taco Bells and Plans to Open Over 25 Pieology Locations in the Next 5 Years
Attractive 10% Increases Every 5 Years and Persisting Throughout Each of the Option Periods
Positioned Directly Across the Street from a Walmart Anchored Power Center
Wendy’s is an American international fast food restaurant chain founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. The company moved its headquarters to Dublin, Ohio, on January 29, 2006.
Wendy’s currently 6,537 locations worldwide and it wants to grow to 7,500 units by 2020. The locations would be both in North America, where the brand has commitments from operators to build at least 500 locations, and internationally — where Wendy’s wants to grow from 439 locations now to 850 units. Approximately 85% of Wendy’s restaurants are franchised, all of which are located in North America. Wendy’s and its affiliates employ more than 47,000 people in its global operations. In fiscal year 2006, the firm had $2.469 billion in total sales.