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: 5.30% 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% between2010-2015 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.
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 0.669 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. 250-350K 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 0.669 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. 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 dessertitems. It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW
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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 64,117 147,666 Growth 2016-2021 8.06% 7.98% 7.84% Growth 2010-2016 5.81% 8.84% 9.41% 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. Indian & Alaskan 55 322 717 Asian 166 2,420 6,343 Hawaiian & Pacific Island 16 58 107 Other 211 1,610 3,942 U.S. Armed Forces: 0 55 112 Households: 2021 Projection 2,819 26,447 61,806 2016 Estimate 2,603 24,470 57,265 2010 Census 2,429 22,393 52,233 Growth 2016-2021 8.30% 8.08% 7.93% Growth 2010-2016 7.16% 9.28% 9.63% Owner Occupied 1,525 18,108 41,772 Renter Occupied 1,078 6,362 15,493 2016 Avg Household Income $61,913 $84,801 $83,380 2016 Med Household Income $51,851 $69,444 $67,652 2016 Households by Household Inc: <$25,000 582 3,108 7,739 $25,000 - $50,000 642 5,010 12,760 $50,000 - $75,000 635 5,098 11,240 $75,000 - $100,000 363 4,507 9,564 $100,000 - $125,000 170 2,832 6,275 $125,000 - $150,000 123 1,354 3,816 $150,000 - $200,000 29 1,262 3,025 $200,000+ 58 1,299 2,846 Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY 10016 Phone: (212) 972-3947 Fax: (212) 686-0078 www.exp1031.com Our Team Robert James President Phone: (212) 686-0072 E-mail: rob@exp1031.com Dan De Sa Director of Sales Phone: (212) 972-3947 E-mail: dan@exp1031.com It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. DEMOGRAPHIC DATA