For Sale
$4,170,000

4910 Washington AveRacine, WI 53406

High-performing Wendy's, strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2,513 square foot Wendy's restaurant located at 4910 Washington Ave, Racine, WI 53406. The property sits on a 0.91-acre lot and boasts a strong 13.1-year remaining lease term with five, five-year renewal options, ensuring long-term stability. The lease is a triple-net (NNN) lease, meaning the tenant is responsible for all operating expenses, minimizing landlord obligations. The franchisee, Bridgeman Foods II Inc. (a subsidiary of Bridgeman Manna with over 150 locations), demonstrates financial strength and operational expertise. Built in 1983 and renovated in 2019, this single-tenant property benefits from exceptionally high store sales, approximately 75% above the national average, resulting in a 5.58% rent-to-sales ratio. The property's strategic location on Washington Avenue, a high-traffic area with combined daily traffic counts exceeding 28,928 vehicles, ensures high visibility and accessibility. The surrounding area features a robust retail environment, including national brands such as Walmart, Walgreens, Chick-fil-A, and more. The demographic profile is equally compelling, with an average household income within a five-mile radius of $68,643 and a population exceeding 125,700. The asking price is $4,170,000, representing a 5.25% cap rate and a price per square foot of $1,659.37. The property's Net Operating Income (NOI) is $219,000. This is a rare opportunity to acquire a high-performing, well-located Wendy's franchise in a thriving market.

Highlights

  • 2,513 SF Wendy's with drive-thru on 0.91-acre lot.
  • Over 13 years remaining lease term with five, five-year renewal options.
  • Triple-net (NNN) lease; no landlord responsibilities.
  • Strong franchisee, Bridgeman Foods II Inc., subsidiary of Bridgeman Manna (150+ locations).
  • Exceptional sales; approximately 75% above national average.
  • High-traffic location on Washington Ave (28,928+ VPD).

Property Details for 4910 Washington Ave

Property type
Retail properties
Square Feet
2,513 SF
Year Built/Renovated
1983/2019
Buildings
1
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Racine
County
Racine
State
Wisconsin
Latitude
42.718786706442
Longitude
-87.838357576666
4910 Washington Ave, Racine, Wisconsin

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4910 Washington Ave
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