Tenant: Wendy’s
Premises: 2600 SF
Renewal Options: 4 x 5 Year
Lease Expiration: 2020
Lease Type: NNN
Rental Increases: 8% Every 5 Years
- Single Tenant Absolute Triple Net (NNN) Investment
- New 10 Year Lease Extension (Commencing 08/01/2015) Shows Coastline Foods Long–Term Commitment to the Site
- Only Wendy’s within 60 miles in any Direction
- Great Location on a Signalized Corner, Out-Parcel to a Vons Anchored Shopping Center
- Well Established, Strong Local Franchise (36 locations in the Greater San Diego Area)
- 30 Year Operating History at this Location
- Per Wendy’s Corporate, the Current Building is Required to Undergo a Complete Remodel
Wendy’s is an American international fast food chain restaurant 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. As of March 1999, Wendy’s was the world’s third largest hamburger fast food chain with approximately 6,650 locations, following Burger King’s 12,000+ locations and McDonald’s’ 31,000+ locations. On April 24, 2008, the company announced a merger with Triarc, the parent company of Arby’s. Despite the new ownership, Wendy’s headquarters remained in Dublin. Following the merger, Triarc became known as Wendy’s/Arby’s Group, a publicly traded company. Approximately 77% of Wendy’s restaurants are franchised, the majority 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 (USD) in total sales.
