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Wendy's 350 N Front St 2,687 SF 100% Leased Retail Building Belleville, ON K8P 5A5 $1,895,000 CAD ($705.25 CAD/SF) 4.22% Cap Rate
Executive Summary
Located at 350 North Front Street in Belleville, this exceptional 0.57-acre ground lease offering presents investors with the opportunity to acquire a long-standing, institutionally backed quick-service restaurant asset occupied by Wendy’s Restaurants of Canada Inc.. The tenant has successfully operated at this high profile commercial corridor location since 1985, demonstrating nearly four decades of proven performance and commitment to the site. Further reinforcing the strength of the tenancy, Wendy’s completed a comprehensive rebuild of the drive-through restaurant in 2021, modernizing the asset to current brand standards and enhancing the customer experience. Strategically positioned along one of Belleville’s primary retail arteries, the property benefits from outstanding visibility, strong traffic volumes, and proximity to Highway 401, major national retailers, established residential neighbourhoods, and commercial amenities. This offering provides investors with secure, passive income backed by an established national tenant with a long operating history at the property and continued capital investment in the location.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,687 SF
Building Class
C
Year Built
1985
Price
$1,895,000 CAD
Price Per SF
$705.25 CAD
Cap Rate
4.22%
NOI
$79,969 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
0.57 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 11
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Wendy's | 350 N Front St
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