4910 Washington AveRacine, WI 53406

Property Details for 4910 Washington Ave

Year built

1983

Lot size

0.91 AC

Property size (Sq ft)

2,800 SF

Zone code

B2

Property type

Retail properties

Property subtype

Drive through restaurants

APN

276 000013132019

APU

276000013132019

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $743,193

  6.5%

  $686,024

  7%

  $637,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $716,348

  Geo Method

  $919,044

• Alternative Use

  Use

  Valuation

  Residential

  $578,687

  Hospitality

  $530,074

  Educational

  $441,015

  Medical

  $456,183

  Retail

  $686,024

Location Insight

City

Racine

County

Racine

State

Wisconsin

Latitude

42.7191

Longitude

-87.8384

CBSA code

39540

CBSA name

RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].