Wendy s Corporate Ground Lease

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Ralph Rogers
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Auto Now Wendy s Corporate Ground Lease 6205 Old Highway 92, Acworth, GA 30102 ExclusiveOffering rob@exp1031.com Phone: 212.972.7457 Fax: 212.686.0078 www.exp1031.com Price: $790,642 NOI: $41,904 CAP: 5.

shopping center) with minimal competition High growth area population increase of 6.

1 Auto Now Wendy s Corporate Ground Lease 6205 Old Highway 92, Acworth, GA ExclusiveOffering rob@exp1031.com Phone: Fax: Price: $790,642 NOI: $41,904 CAP: 5.30% Within the Atlanta MSA 3 rd Largest in the Southeast Wendy s International, Inc 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 Dense market with significant new housing development and 161,555 people within 5 miles Good traffic counts: Highway 92 (34,240 VPD) and Bells Ferry Rd (20,820 VPD) This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. accuracy.

2 InvestmentOverview PROPERTYOVERVIEW: EXP Realty Advisors exclusively presents for sale a corporate Wendy s Ground Lease located in Acworth, GA. The building is 3,094 sf, situated on acres. There are 5.8 years remaining on the lease s base term. The site is accessible 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, Pet Supermarket, and Havoline Express Lube. The property is located within with a significant retail corridor, which includes 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 161,555 within a 5 mile radius, and an average household income of $84,801 within a 3 mile radius. The tenant does not report sales. LOCATIONOVERVIEW: Acworth, GA is a city in Cobb County, Georgia, within the Atlanta Metropolitan Statistical Area, which has an estimated population of over 6.2 million. The three mile Average Household Income is $84,801. Acworth is known as one of the prime 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 projects underway include DR Horton s Centennial Lakes (est K homes) which was more than 50% complete with its planned +900 homes as well as DR Horton s Wilshire Commons, and Smith Douglas Tyson Woods (est. 200K homes) both within.25 mile of the property. As the only mainstream grocer within a 3 mile radius, Cherokee Commons is the most proximate grocer anchored center to each of these developments, and this housing growth promises to burgeon Kroger s already strong sales. LEASESUMMARY: Tenant: LeaseExpiration: Rent*: LeaseType: Options: Wendy s International, Inc 12/31/2021 $41,904 (as of 01/01/17) Absolute Triple Net Ground Lease Five 5 YearOptions 1 st Renewal Option: 2 nd Renewal Option: 3 rd Renewal Option 4 th Renewal Option 5 th Renewal Option $45,256 $48,877 $52,787 $57,010 $61,578 (0.84%increase) (15.67% increase) (8.00%increase) (8.00%increase) (8.01%increase) *Seller will credit the difference between current and escalated rent as of closing. Current rent is $38,800. INVESTMENTSUMMARY Price: $790,642 CAP Rate: 5.30% NNN Rent: $41,904 Escalations: BldSq Ft: Land Size: LeaseType: Variable 3,094 sf acres AbsoluteNNN Ground Lease It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW

InvestmentOverview 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.

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.

3 InvestmentOverview 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 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 dessertitems. It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW

4 Aerial Auto Now It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL

5 Bird s EyeView Auto Now It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL

6 Bird s EyeView Auto Now It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL

7 Survey It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW

8 PropertyPhoto It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL

9 LocationMap It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. LOCATIONMAP

10 LocationMap It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. LOCATIONMAP

Whisper Wendy s Valley Ranch Property Demographic Line Data Map Radius 1 Mile 3 Mile 5 Mile Population: 2021 Projection 8,028 75,354 174,216 2016 Estimate 7,429 69,788 161,555 2010 Census 7,021

41% 2016 Population Hispanic Origin 1,738 8,787 17,879 2016 Population by Race: White 5,890 55,224 124,922 Black 1,091 10,155 25,525 Am.

11 Whisper Wendy s Valley Ranch Property Demographic Line Data Map Radius 1 Mile 3 Mile 5 Mile Population: 2021 Projection 8,028 75, , Estimate 7,429 69, , Census 7,021 64, ,666 Growth % 7.98% 7.84% Growth % 8.84% 9.41% 2016 Population Hispanic Origin 1,738 8,787 17, Population by Race: White 5,890 55, ,922 Black 1,091 10,155 25,525 Am. Indian & Alaskan Asian 166 2,420 6,343 Hawaiian & Pacific Island Other 211 1,610 3,942 U.S. Armed Forces: Households: 2021 Projection 2,819 26,447 61, Estimate 2,603 24,470 57, Census 2,429 22,393 52,233 Growth % 8.08% 7.93% Growth % 9.28% 9.63% Owner Occupied 1,525 18,108 41,772 Renter Occupied 1,078 6,362 15, Avg Household Income $61,913 $84,801 $83, Med Household Income $51,851 $69,444 $67, Households by Household Inc: <$25, ,108 7,739 $25,000 - $50, ,010 12,760 $50,000 - $75, ,098 11,240 $75,000 - $100, ,507 9,564 $100,000 - $125, ,832 6,275 $125,000 - $150, ,354 3,816 $150,000 - $200, ,262 3,025 $200, ,299 2,846 Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY Phone: (212) Fax: (212) Our Team Robert James President Phone: (212) rob@exp1031.com Dan De Sa Director of Sales Phone: (212) dan@exp1031.com It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. DEMOGRAPHIC DATA

Re-Priced Chase Bank Ground Lease (Atlanta MSA)

Subject Property Re-Priced Chase Bank Ground Lease (Atlanta MSA) 690 Collins Hill Rd at Highway 316 - Lawrenceville, GA 30046 Robert James Phone: (212) 686-0072 E-mail: rob@exp1031.com EXCLUSIVE OFFERING