Wendy’s

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Wendy’s

90 Elm Street Enfield CT Hartford County

Sales Price: $2,221,790

Cap Rate: 5.25%

Contact Person(s): Daniel H. Kukes
Kevin J. Baker
Maxwell E. Lippitt
Jason M. Greenspan

Description:

ABOVE AVERAGE SALES

  • Inquire with Broker for details.

STRONG LEASE GUARANTY

  • Meritage Hospitality Group ($467M in 2019 sales) is one of the country’s largest Wendy’s operators with over 333+ locations across 16 states.

LONG STANDING HISTORY

  • Wendy’s has been operating at this location since 1977 and just recently signed a new 10-year renewal.

GROUND LEASE

  • Minimal Landlord responsibilities.

PRIME FREEWAY EXPOSURE

  • Wendy’s is one of the first visible restaurants as you enter the corridor off the I-91 off ramp (77,984 cpd).

ROBUST RETAIL CORRIDOR

  • The subject property is an outparcel to Enfield Square, a 787,000 SF regional mall. Retailers in the corridor include: Costco, Home Depot, Kohl’s, Cinemark, Aldi, Marshalls, etc.

Building Size: 2,280 SF

Lot Size: 1.11 acres

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 6,562 37,380 83,363
Avg. HH Income: $74,776 $93,959 $112,368

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.