For Sale
$2,795,700

5155 Broadway Englewood, CO 80113

High-volume Wendy's, strong ROI, 15+ year lease.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 3,254 square foot Wendy's restaurant located at 5155 S Broadway, Englewood, CO 80113. The property sits on a 12,474 square foot lot and boasts a 4.65% cap rate with a Net Operating Income (NOI) of $130,000. The absolute NNN ground lease features zero landlord responsibilities and a recently extended 15-year corporate lease with 10% rent increases every five years. Wendy's, a publicly traded company (NASDAQ: WEN), has occupied this site since 1999, demonstrating long-term commitment. This high-performing location consistently ranks within the top 10% of Wendy's nationwide and is among the top 5 in Colorado, based on traffic data. The property benefits from its prime location on a heavily trafficked intersection (approx. 70,200 vehicles daily), offering excellent visibility and accessibility. The surrounding area features a strong demographic profile, with over 100,638 residents within a 3-mile radius and an average household income exceeding $133,571. Synergistic businesses nearby include Chuze Fitness, Starbucks, Sprouts, and more. Englewood, a mature and established suburb, provides convenient access to downtown Denver (approximately 8 miles away) via various transportation options. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential. The asking price is $2,795,700. 100% occupancy.

Highlights

  • Absolute NNN ground lease; no landlord responsibilities.
  • 15-year Wendy's corporate lease with 10% rent increases every 5 years; tenant occupied since 1999.
  • Corporate guarantee from Wendy's Properties, LLC (WEN: NASDAQ).
  • High-traffic location on S. Broadway Ave., ±70,200 VPD, excellent ingress/egress, full drive-thru.
  • Strong demographics: 100,638 residents within 3 miles, $133,571 average household income.
  • Excellent retail synergy with Chuze Fitness, Starbucks, Sprouts, and others.

Property Details for 5155 Broadway

Property type
Retail properties, Restaurants
Square Feet
3,254 SF

Location Insight

City
Englewood
County
Arapahoe
State
Colorado
Latitude
39.622949532726
Longitude
-104.98786723007

FAQs

What type of property is this?
Retail property - High-volume Wendy's, strong ROI, 15+ year lease.
Where is the retail property located?
The property is located at 5155 Broadway Englewood, CO.
What is the asking price?
The asking price for this property is $2,795,700.
What are key features of this property?
This property features: Absolute NNN ground lease; no landlord responsibilities.; 15-year Wendy's corporate lease with 10% rent increases every 5 years; tenant occupied since 1999.; Corporate guarantee from Wendy's Properties, LLC (WEN: NASDAQ).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5155 Broadway
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